SG Americas Securities LLC Invests $128,000 in Eventbrite, Inc. (NYSE:EB)

SG Americas Securities LLC purchased a new position in Eventbrite, Inc. (NYSE:EB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 15,369 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Eventbrite by 217.7% in the 3rd quarter. Covestor Ltd now owns 2,783 shares of the company’s stock worth $27,000 after acquiring an additional 1,907 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Eventbrite by 126.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,828 shares of the company’s stock worth $25,000 after acquiring an additional 1,581 shares during the last quarter. Metropolitan Life Insurance Co NY raised its holdings in Eventbrite by 47.4% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,880 shares of the company’s stock worth $29,000 after acquiring an additional 1,569 shares during the last quarter. UBS Group AG raised its holdings in Eventbrite by 57.5% in the 3rd quarter. UBS Group AG now owns 6,409 shares of the company’s stock worth $38,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Eventbrite by 13.9% in the 1st quarter. Centaurus Financial Inc. now owns 10,645 shares of the company’s stock worth $157,000 after acquiring an additional 1,300 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EB has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Piper Sandler decreased their target price on shares of Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Morgan Stanley decreased their target price on shares of Eventbrite from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Insider Activity at Eventbrite

In other Eventbrite news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $5.52, for a total transaction of $110,400.00. Following the transaction, the chief financial officer now owns 357,839 shares of the company’s stock, valued at $1,975,271.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.28% of the stock is currently owned by corporate insiders.

Eventbrite Trading Up 1.2 %

Shares of Eventbrite stock opened at $5.15 on Thursday. Eventbrite, Inc. has a 1-year low of $5.00 and a 1-year high of $11.90. The company’s fifty day simple moving average is $6.37 and its 200-day simple moving average is $7.47. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $524.63 million, a PE ratio of -19.07 and a beta of 2.51.

Eventbrite (NYSE:EB) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Eventbrite had a negative return on equity of 14.87% and a negative net margin of 8.12%. The business had revenue of $87.76 million during the quarter, compared to analyst estimates of $88.45 million. As a group, equities analysts anticipate that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Eventbrite Company Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.