Goldman Sachs Group Inc. Sells 672,541 Shares of Eventbrite, Inc. $EB

Goldman Sachs Group Inc. cut its holdings in Eventbrite, Inc. (NYSE:EB) by 68.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 315,580 shares of the company’s stock after selling 672,541 shares during the period. Goldman Sachs Group Inc. owned 0.33% of Eventbrite worth $666,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EB. Ameriprise Financial Inc. raised its position in shares of Eventbrite by 4.5% during the 4th quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company’s stock valued at $798,000 after purchasing an additional 10,144 shares during the period. ProShare Advisors LLC grew its stake in shares of Eventbrite by 47.2% in the 4th quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock worth $75,000 after buying an additional 7,182 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Eventbrite by 151.7% in the 4th quarter. Two Sigma Investments LP now owns 1,228,930 shares of the company’s stock worth $4,129,000 after buying an additional 740,717 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Eventbrite by 12.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company’s stock worth $215,000 after buying an additional 7,300 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Eventbrite in the 4th quarter worth about $132,000. 91.64% of the stock is currently owned by institutional investors.

Eventbrite Trading Down 2.2%

Shares of EB opened at $2.84 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $273.58 million, a P/E ratio of -12.89 and a beta of 2.03. The firm has a 50-day moving average price of $2.61 and a 200 day moving average price of $2.43. Eventbrite, Inc. has a 12-month low of $1.80 and a 12-month high of $4.12.

Eventbrite (NYSE:EB) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.06. Eventbrite had a negative net margin of 6.93% and a negative return on equity of 11.91%. The business had revenue of $72.76 million for the quarter, compared to analysts’ expectations of $71.67 million. Eventbrite has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Eventbrite, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley set a $2.70 price objective on shares of Eventbrite in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.40.

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.