Eventbrite, Inc. (NYSE:EB) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Eventbrite, Inc. (NYSE:EBFree Report) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 645,464 shares of the company’s stock after acquiring an additional 19,907 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of Eventbrite worth $5,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EB. Vanguard Group Inc. boosted its holdings 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. increased its position in shares of Eventbrite by 55.7% during the 3rd quarter. American Century Companies Inc. now owns 4,109,897 shares of the company’s stock valued at $40,524,000 after purchasing an additional 1,470,551 shares during the period. Wellington Management Group LLP raised its stake in shares of Eventbrite by 43.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,705,212 shares of the company’s stock worth $36,533,000 after buying an additional 1,116,749 shares in the last quarter. Invesco Ltd. lifted its holdings 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 buying an additional 900,925 shares during the period. Finally, Deepwater Asset Management LLC boosted its stake in Eventbrite by 148.9% during the fourth quarter. Deepwater Asset Management LLC now owns 1,242,083 shares of the company’s stock valued at $10,384,000 after buying an additional 743,024 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at Eventbrite

In other news, CFO Charles Baker sold 20,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $5.52, for a total value of $110,400.00. Following the transaction, the chief financial officer now directly owns 357,839 shares of the company’s stock, valued at $1,975,271.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Eventbrite from $9.00 to $6.50 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st. KeyCorp reduced their target price on shares of Eventbrite from $13.00 to $6.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price target on shares of Eventbrite in a report on Friday, May 3rd. Piper Sandler reduced their price objective on Eventbrite from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Truist Financial cut their target price on Eventbrite from $17.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.93.

Get Our Latest Analysis on Eventbrite

Eventbrite Stock Down 4.4 %

NYSE:EB opened at $4.76 on Tuesday. Eventbrite, Inc. has a 1-year low of $4.74 and a 1-year high of $11.90. The firm has a market capitalization of $462.24 million, a price-to-earnings ratio of -25.05 and a beta of 2.32. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.95. The business’s fifty day moving average price is $5.33 and its 200 day moving average price is $6.73.

Eventbrite (NYSE:EBGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $86.25 million for the quarter, compared to the consensus estimate of $85.26 million. Eventbrite had a negative return on equity of 10.00% and a negative net margin of 5.47%. On average, sell-side analysts forecast that Eventbrite, Inc. will post -0.15 earnings per share for the current fiscal year.

About Eventbrite

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

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