Franklin Resources Inc. Takes Position in Eventbrite, Inc. (NYSE:EB)

Franklin Resources Inc. purchased a new position in Eventbrite, Inc. (NYSE:EB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 46,920 shares of the company’s stock, valued at approximately $158,000.

Several other institutional investors also recently modified their holdings of EB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Eventbrite by 14.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 227,897 shares of the company’s stock valued at $622,000 after buying an additional 29,390 shares during the last quarter. State Street Corp raised its position in shares of Eventbrite by 1.9% in the 3rd quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after purchasing an additional 32,210 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Eventbrite by 61.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,712 shares of the company’s stock worth $155,000 after purchasing an additional 21,525 shares in the last quarter. Barclays PLC grew its position in Eventbrite by 151.8% during the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock valued at $462,000 after purchasing an additional 102,283 shares during the last quarter. Finally, 272 Capital LP bought a new stake in Eventbrite during the 3rd quarter valued at about $255,000. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Stock Performance

Shares of NYSE EB opened at $2.24 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average price is $2.47 and its 200-day moving average price 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 market cap of $211.50 million, a PE ratio of -24.83 and a beta of 2.05.

Analyst Ratings Changes

Several brokerages have recently issued reports on EB. B. Riley reiterated a “neutral” rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research note on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.40.

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.