Bank of Montreal Can Makes New $88,000 Investment in Eventbrite, Inc. $EB

Bank of Montreal Can purchased a new stake in shares of Eventbrite, Inc. (NYSE:EB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,480 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also modified their holdings of EB. R Squared Ltd acquired a new position in Eventbrite during the second quarter worth $50,000. Great Lakes Advisors LLC bought a new stake in shares of Eventbrite during the 1st quarter worth about $44,000. Federated Hermes Inc. bought a new stake in shares of Eventbrite during the 1st quarter worth about $52,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Eventbrite by 18.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 44,937 shares of the company’s stock valued at $122,000 after acquiring an additional 7,020 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Eventbrite by 43.8% in the 1st quarter. State of Wyoming now owns 51,531 shares of the company’s stock worth $109,000 after purchasing an additional 15,706 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $2.57 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $250.55 million, a PE ratio of -21.37 and a beta of 2.04. The firm has a fifty day moving average price of $2.54 and a two-hundred day moving average price of $2.52. Eventbrite, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $4.12.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EB. Morgan Stanley set a $2.70 price objective on shares of Eventbrite in a research note on Sunday, August 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Eventbrite in a research report on Monday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.40.

Eventbrite Company 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.