ProShare Advisors LLC Has $75,000 Holdings in Eventbrite, Inc. (NYSE:EB)

ProShare Advisors LLC raised its position in shares of Eventbrite, Inc. (NYSE:EB) by 47.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,392 shares of the company’s stock after purchasing an additional 7,182 shares during the quarter. ProShare Advisors LLC’s holdings in Eventbrite were worth $75,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Eventbrite by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock worth $209,000 after acquiring an additional 5,114 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Eventbrite by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock worth $765,000 after acquiring an additional 5,359 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Eventbrite by 26.6% in the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after acquiring an additional 6,842 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Eventbrite by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 38,264 shares of the company’s stock worth $129,000 after acquiring an additional 8,070 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Eventbrite by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company’s stock worth $798,000 after acquiring an additional 10,144 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

EB has been the topic of several recent analyst reports. BWS Financial reissued a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reissued a “neutral” rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Eventbrite presently has an average rating of “Hold” and a consensus price target of $4.83.

Eventbrite Trading Down 1.4%

Shares of NYSE EB opened at $2.44 on Wednesday. The firm’s 50 day moving average price is $2.19 and its 200-day moving average price is $2.88. The company has a market cap of $230.42 million, a PE ratio of -27.06 and a beta of 2.02. 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 quick ratio of 1.56 and a current ratio of 1.56.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, beating 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 company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $72.88 million. On average, equities research analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

About Eventbrite

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.