Eventbrite, Inc. (NYSE:EB) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Eventbrite, Inc. (NYSE:EB) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,778,279 shares of the company’s stock after purchasing an additional 11,135 shares during the period. Geode Capital Management LLC owned 1.84% of Eventbrite worth $5,977,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp increased its position in Eventbrite by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock worth $765,000 after purchasing an additional 5,359 shares during the period. Intech Investment Management LLC raised its holdings 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 purchasing an additional 6,842 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Eventbrite in the 4th quarter valued at about $37,000. SG Americas Securities LLC raised its position in shares of Eventbrite by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 89,012 shares of the company’s stock worth $299,000 after purchasing an additional 13,882 shares during the last quarter. Finally, US Bancorp DE increased its position in Eventbrite by 53.9% during the 4th quarter. US Bancorp DE now owns 40,011 shares of the company’s stock worth $134,000 after purchasing an additional 14,007 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Eventbrite Stock Performance

Shares of NYSE EB opened at $2.09 on Friday. Eventbrite, Inc. has a 12-month low of $1.81 and a 12-month high of $5.92. The company has a market cap of $197.30 million, a PE ratio of -23.17 and a beta of 2.05. The stock has a 50 day simple moving average of $2.35 and a 200-day simple moving average of $3.04. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

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.