Eventbrite, Inc. (NYSE:EB) Position Lowered by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its stake in shares of Eventbrite, Inc. (NYSE:EB) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,049,556 shares of the company’s stock after selling 125,422 shares during the period. Rice Hall James & Associates LLC owned about 2.12% of Eventbrite worth $6,887,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in Eventbrite by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock worth $64,000 after acquiring an additional 8,307 shares during the period. Quantbot Technologies LP acquired a new stake in Eventbrite during the third quarter worth about $25,000. Pallas Capital Advisors LLC acquired a new stake in Eventbrite during the fourth quarter worth about $37,000. Covestor Ltd increased its stake in shares of Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock valued at $91,000 after purchasing an additional 13,483 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Eventbrite by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 89,012 shares of the company’s stock valued at $299,000 after purchasing an additional 13,882 shares during the period. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Eventbrite currently has a consensus rating of “Hold” and an average price target of $6.58.

Insider Activity at Eventbrite

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

Eventbrite Price Performance

NYSE EB opened at $3.35 on Tuesday. Eventbrite, Inc. has a 12 month low of $2.51 and a 12 month high of $9.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $324.06 million, a PE ratio of -37.17 and a beta of 2.26. The company’s 50 day simple moving average is $3.46 and its 200 day simple moving average is $3.30.

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.