Analysts Set Eventbrite, Inc. (NYSE:EB) Target Price at $5.70

Shares of Eventbrite, Inc. (NYSE:EB) have earned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $5.40.

A number of brokerages recently weighed in on EB. BWS Financial reissued a “buy” rating and set a $7.00 price objective on shares of Eventbrite in a report on Monday. B. Riley reissued a “neutral” rating and set a $3.50 price objective (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th.

Eventbrite Stock Performance

Shares of NYSE EB opened at $2.46 on Friday. The stock has a market cap of $237.84 million, a price-to-earnings ratio of -27.28 and a beta of 2.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite has a 1-year low of $2.23 and a 1-year high of $6.02. The stock’s 50-day moving average is $3.33 and its 200 day moving average is $3.26.

Insiders Place Their Bets

In other Eventbrite news, COO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the transaction, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at $2,192,078.85. The trade was a 3.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.46% of the company’s stock.

Hedge Funds Weigh In On Eventbrite

A number of large investors have recently bought and sold shares of EB. Price T Rowe Associates Inc. MD grew its position in shares of Eventbrite by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock worth $209,000 after buying an additional 5,114 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Eventbrite by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock worth $765,000 after buying an additional 5,359 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Eventbrite by 26.6% in the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after buying an additional 6,842 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Eventbrite by 47.2% in the 4th quarter. ProShare Advisors LLC now owns 22,392 shares of the company’s stock worth $75,000 after buying an additional 7,182 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Eventbrite by 12.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 64,012 shares of the company’s stock worth $215,000 after buying an additional 7,300 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

About Eventbrite

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.