Mercer Global Advisors Inc. ADV Purchases Shares of 19,669 Eventbrite, Inc. (NYSE:EB)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Eventbrite, Inc. (NYSE:EB) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,669 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds have also added to or reduced their stakes in EB. Nantahala Capital Management LLC boosted its stake in Eventbrite by 76.5% during the 4th quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after purchasing an additional 2,569,747 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of Eventbrite in the fourth quarter valued at approximately $7,962,000. Alliancebernstein L.P. grew its holdings in shares of Eventbrite by 550.0% in the fourth quarter. Alliancebernstein L.P. now owns 503,750 shares of the company’s stock valued at $1,693,000 after acquiring an additional 426,250 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Eventbrite in the fourth quarter valued at approximately $1,179,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Eventbrite by 181.3% in the fourth quarter. JPMorgan Chase & Co. now owns 399,507 shares of the company’s stock valued at $1,342,000 after acquiring an additional 257,462 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Price Performance

Eventbrite stock opened at $2.34 on Friday. Eventbrite, Inc. has a 12 month low of $1.81 and a 12 month high of $5.92. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The business’s 50 day simple moving average is $2.18 and its 200 day simple moving average is $2.97. The company has a market cap of $221.43 million, a price-to-earnings ratio of -26.00 and a beta of 2.02.

Eventbrite (NYSE:EB) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The business had revenue of $73.83 million for the quarter, compared to the consensus estimate of $72.88 million. Sell-side analysts forecast that Eventbrite, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EB. B. Riley reaffirmed a “neutral” rating and issued a $3.50 target price (down from $5.00) on shares of Eventbrite in a 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, April 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.25.

Eventbrite Company 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.