21,014 Shares in Eventbrite, Inc. (NYSE:EB) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Eventbrite, Inc. (NYSE:EB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,014 shares of the company’s stock, valued at approximately $71,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. RPO LLC acquired a new stake in Eventbrite in the fourth quarter valued at about $55,000. Mercer Global Advisors Inc. ADV acquired a new stake in Eventbrite in the fourth quarter valued at about $66,000. EntryPoint Capital LLC acquired a new stake in Eventbrite in the fourth quarter valued at about $67,000. ProShare Advisors LLC lifted its position in Eventbrite by 47.2% in the fourth quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock valued at $75,000 after purchasing an additional 7,182 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Eventbrite in the fourth quarter valued at about $78,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Price Performance

EB stock opened at $2.52 on Thursday. The firm has a 50 day moving average of $2.30 and a 200-day moving average of $2.80. 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 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.22. The company has a market cap of $237.99 million, a price-to-earnings ratio of -13.24 and a beta of 2.06.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. Eventbrite had a negative return on equity of 10.12% and a negative net margin of 5.66%. The firm had revenue of $73.83 million during the quarter, compared to the consensus estimate of $72.88 million. As a group, equities analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reiterated a “neutral” rating and set a $3.50 price target (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.