Jupiter Asset Management Ltd. Takes Position in Eventbrite, Inc. $EB

Jupiter Asset Management Ltd. bought a new position in shares of Eventbrite, Inc. (NYSE:EB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 238,984 shares of the company’s stock, valued at approximately $602,000. Jupiter Asset Management Ltd. owned about 0.25% of Eventbrite as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Eventbrite by 19.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 933,224 shares of the company’s stock valued at $2,454,000 after buying an additional 152,086 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Eventbrite by 0.6% in the 2nd quarter. Acadian Asset Management LLC now owns 3,013,966 shares of the company’s stock worth $7,922,000 after acquiring an additional 18,150 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Eventbrite in the 2nd quarter valued at approximately $88,000. CWM LLC raised its position in shares of Eventbrite by 28.3% during the 2nd quarter. CWM LLC now owns 72,795 shares of the company’s stock valued at $191,000 after acquiring an additional 16,038 shares in the last quarter. Finally, Meteora Capital LLC lifted its stake in Eventbrite by 44.9% during the second quarter. Meteora Capital LLC now owns 979,500 shares of the company’s stock worth $2,576,000 after purchasing an additional 303,700 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Up 0.1%

Eventbrite stock opened at $4.42 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.12 and a current ratio of 1.12. Eventbrite, Inc. has a one year low of $1.80 and a one year high of $4.48. The company has a 50-day simple moving average of $4.44 and a 200-day simple moving average of $3.34. The firm has a market capitalization of $431.26 million, a P/E ratio of -36.79 and a beta of 1.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Eventbrite in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Eventbrite currently has an average rating of “Hold” and an average price target of $4.40.

Eventbrite Profile

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.