American Century Companies Inc. boosted its stake in shares of Eventbrite, Inc. (NYSE:EB – Free Report) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,856,816 shares of the company’s stock after purchasing an additional 340,382 shares during the quarter. American Century Companies Inc. owned 1.88% of Eventbrite worth $15,911,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Mizuho Markets Americas LLC increased its position in shares of Eventbrite by 696.8% during the first quarter. Mizuho Markets Americas LLC now owns 2,360,175 shares of the company’s stock valued at $24,318,000 after purchasing an additional 2,063,963 shares during the period. Norges Bank bought a new stake in Eventbrite in the 4th quarter valued at $5,784,000. Vanguard Group Inc. raised its stake in shares of Eventbrite by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 7,972,046 shares of the company’s stock valued at $117,747,000 after buying an additional 781,763 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Eventbrite by 41.5% during the 3rd quarter. Two Sigma Advisers LP now owns 1,358,000 shares of the company’s stock worth $8,257,000 after acquiring an additional 398,200 shares during the period. Finally, Chimera Capital Management LLC acquired a new stake in shares of Eventbrite during the 4th quarter valued at about $2,016,000. 81.38% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
EB has been the subject of several recent research reports. Piper Sandler increased their price target on shares of Eventbrite from $11.00 to $13.00 in a research report on Friday, July 14th. JPMorgan Chase & Co. raised their target price on Eventbrite from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. TheStreet upgraded Eventbrite from a “d” rating to a “c-” rating in a research report on Friday, August 4th. Finally, Morgan Stanley lifted their price objective on Eventbrite from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Eventbrite currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.
Insider Buying and Selling at Eventbrite
In other news, CTO Vivek Sagi sold 100,568 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $11.24, for a total transaction of $1,130,384.32. Following the transaction, the chief technology officer now directly owns 181,721 shares in the company, valued at $2,042,544.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 17.28% of the company’s stock.
Eventbrite Stock Up 1.3 %
Shares of EB opened at $10.26 on Friday. The company has a market capitalization of $1.03 billion, a P/E ratio of -31.09 and a beta of 2.63. Eventbrite, Inc. has a one year low of $5.30 and a one year high of $11.90. The business’s 50 day simple moving average is $10.27 and its 200-day simple moving average is $8.83. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.91 and a quick ratio of 1.91.
Eventbrite (NYSE:EB – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Eventbrite had a negative return on equity of 19.89% and a negative net margin of 11.06%. The company had revenue of $78.91 million for the quarter, compared to analyst estimates of $78.74 million. As a group, sell-side analysts predict that Eventbrite, Inc. will post -0.34 EPS for the current fiscal year.
Eventbrite Company Profile
Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves 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.
Featured Articles
- Five stocks we like better than Eventbrite
- How to Use the MarketBeat Stock Screener
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- How to Start Investing in Real Estate
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- Compound Interest and Why It Matters When Investing
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
Want to see what other hedge funds are holding EB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eventbrite, Inc. (NYSE:EB – Free Report).
Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.
