Eventbrite, Inc. (NYSE:EB) Shares Sold by Northern Trust Corp

Northern Trust Corp trimmed its stake in shares of Eventbrite, Inc. (NYSE:EB) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 700,662 shares of the company’s stock after selling 12,224 shares during the quarter. Northern Trust Corp owned approximately 0.72% of Eventbrite worth $2,354,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new position in Eventbrite during the 4th quarter valued at $669,000. Susquehanna Fundamental Investments LLC bought a new position in Eventbrite during the 4th quarter valued at $1,179,000. Price T Rowe Associates Inc. MD boosted its stake in Eventbrite by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock valued at $209,000 after acquiring an additional 5,114 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Eventbrite by 56.5% during the 4th quarter. MetLife Investment Management LLC now owns 35,086 shares of the company’s stock valued at $118,000 after acquiring an additional 12,662 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Eventbrite by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 682,718 shares of the company’s stock valued at $2,294,000 after acquiring an additional 18,675 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Trading Down 0.7%

Eventbrite stock opened at $2.26 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite, Inc. has a 1 year low of $1.81 and a 1 year high of $5.92. The firm’s 50-day moving average is $2.18 and its 200-day moving average is $2.93. The company has a market cap of $213.39 million, a P/E ratio of -25.06 and a beta of 2.02.

Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Eventbrite had a negative net margin of 2.42% and a negative return on equity of 4.44%. The business had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $72.88 million. On average, equities analysts expect that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EB shares. B. Riley restated 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 restated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.83.

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.