Eventbrite, Inc. (NYSE:EB) Stock Holdings Increased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 550.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 503,750 shares of the company’s stock after buying an additional 426,250 shares during the period. Alliancebernstein L.P. owned about 0.52% of Eventbrite worth $1,693,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EB. Pallas Capital Advisors LLC purchased a new position in Eventbrite during the 4th quarter worth approximately $37,000. EntryPoint Capital LLC acquired a new position in Eventbrite in the 4th quarter worth about $67,000. WINTON GROUP Ltd acquired a new stake in Eventbrite in the fourth quarter valued at approximately $78,000. Intech Investment Management LLC increased its position in Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after buying an additional 6,842 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in Eventbrite during the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

EB has been the topic of several research analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $3.50 price target (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a report on Monday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Eventbrite has a consensus rating of “Hold” and an average price target of $5.40.

Eventbrite Stock Performance

NYSE EB opened at $2.24 on Friday. The company’s fifty day moving average is $2.50 and its two-hundred day moving average is $3.06. Eventbrite, Inc. has a 52-week low of $1.81 and a 52-week high of $5.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $211.50 million, a price-to-earnings ratio of -24.83 and a beta of 2.05.

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.