Eventbrite, Inc. (NYSE:EB) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Eventbrite, Inc. (NYSE:EB) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,805 shares of the company’s stock after purchasing an additional 3,311 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Eventbrite were worth $291,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Eventbrite by 0.6% in the third quarter. Vanguard Group Inc. now owns 7,901,768 shares of the company’s stock valued at $77,911,000 after acquiring an additional 49,892 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Eventbrite by 55.7% in the third quarter. American Century Companies Inc. now owns 4,109,897 shares of the company’s stock valued at $40,524,000 after acquiring an additional 1,470,551 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Eventbrite by 43.1% in the third quarter. Wellington Management Group LLP now owns 3,705,212 shares of the company’s stock valued at $36,533,000 after acquiring an additional 1,116,749 shares in the last quarter. Invesco Ltd. lifted its position in shares of Eventbrite by 33.4% in the third quarter. Invesco Ltd. now owns 3,600,139 shares of the company’s stock valued at $35,497,000 after acquiring an additional 900,925 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in shares of Eventbrite by 12.4% in the third quarter. Rice Hall James & Associates LLC now owns 1,623,425 shares of the company’s stock valued at $16,007,000 after acquiring an additional 178,475 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Price Performance

NYSE:EB opened at $5.38 on Friday. Eventbrite, Inc. has a 52 week low of $5.00 and a 52 week high of $11.90. The stock’s fifty day moving average is $5.87 and its two-hundred day moving average is $7.28. The company has a market capitalization of $548.06 million, a P/E ratio of -19.93 and a beta of 2.51. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.87.

Eventbrite (NYSE:EB) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) 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 for the quarter, compared to analyst estimates of $88.45 million. Equities analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on EB. Piper Sandler decreased their target price on Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Truist Financial reduced their price objective on Eventbrite from $17.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, Morgan Stanley reduced their price objective on Eventbrite from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Insider Activity

In other news, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $5.52, for a total value of $110,400.00. Following the transaction, the chief financial officer now owns 357,839 shares of the company’s stock, valued at approximately $1,975,271.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.28% of the company’s stock.

Eventbrite 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.