White Pine Capital LLC Makes New $300,000 Investment in Eventbrite, Inc. (NYSE:EB)

White Pine Capital LLC bought a new position in shares of Eventbrite, Inc. (NYSE:EB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 89,233 shares of the company’s stock, valued at approximately $300,000. White Pine Capital LLC owned about 0.09% of Eventbrite as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its holdings in Eventbrite by 22.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock valued at $5,999,000 after buying an additional 405,318 shares in the last quarter. Rice Hall James & Associates LLC increased its position in Eventbrite by 5.2% during the third quarter. Rice Hall James & Associates LLC now owns 2,174,978 shares of the company’s stock worth $5,938,000 after purchasing an additional 108,300 shares during the last quarter. State Street Corp raised its stake in Eventbrite by 1.9% during the third quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after purchasing an additional 32,210 shares during the period. Whetstone Capital Advisors LLC boosted its holdings in Eventbrite by 74.6% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after purchasing an additional 612,173 shares during the last quarter. Finally, Algert Global LLC grew its stake in shares of Eventbrite by 28.5% in the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company’s stock valued at $2,020,000 after buying an additional 164,080 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Eventbrite Stock Up 3.1 %

Shares of NYSE EB opened at $3.48 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $3.48 and its two-hundred day moving average is $3.35. Eventbrite, Inc. has a 52-week low of $2.51 and a 52-week high of $9.20. The firm has a market cap of $336.66 million, a price-to-earnings ratio of -38.61 and a beta of 2.26.

Insider Activity at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the transaction, the chief operating officer now owns 617,487 shares in the company, valued at approximately $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 21.46% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.58.

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.