Public Employees Retirement System of Ohio Boosts Stake in Eventbrite, Inc. $EB

Public Employees Retirement System of Ohio raised its position in Eventbrite, Inc. (NYSE:EB) by 5,168.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,585 shares of the company’s stock after buying an additional 57,473 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Eventbrite worth $154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EB. AQR Capital Management LLC boosted its position in Eventbrite by 102.0% in the 1st quarter. AQR Capital Management LLC now owns 2,202,617 shares of the company’s stock valued at $4,648,000 after buying an additional 1,112,310 shares during the last quarter. Palogic Value Management L.P. boosted its position in Eventbrite by 87.7% in the 1st quarter. Palogic Value Management L.P. now owns 1,125,987 shares of the company’s stock valued at $2,376,000 after buying an additional 525,987 shares during the last quarter. Nantahala Capital Management LLC boosted its position in Eventbrite by 7.6% in the 1st quarter. Nantahala Capital Management LLC now owns 6,381,395 shares of the company’s stock valued at $13,465,000 after buying an additional 450,448 shares during the last quarter. Royal Bank of Canada boosted its position in Eventbrite by 3,304.7% in the 1st quarter. Royal Bank of Canada now owns 422,353 shares of the company’s stock valued at $891,000 after buying an additional 409,948 shares during the last quarter. Finally, MYDA Advisors LLC purchased a new position in Eventbrite in the 1st quarter valued at about $549,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EB. Weiss Ratings reissued a “sell (d-)” rating on shares of Eventbrite in a research report on Saturday, September 27th. Morgan Stanley set a $2.70 target price on shares of Eventbrite in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.40.

Eventbrite Price Performance

EB opened at $2.45 on Tuesday. The firm has a market cap of $235.94 million, a price-to-earnings ratio of -11.11 and a beta of 2.06. Eventbrite, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $4.12. The company’s 50-day moving average price is $2.64 and its 200 day moving average price is $2.45. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.19.

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