Rpo LLC Buys Shares of 16,443 Eventbrite, Inc. (NYSE:EB)

Rpo LLC purchased a new position in Eventbrite, Inc. (NYSE:EB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,443 shares of the company’s stock, valued at approximately $55,000.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in Eventbrite by 550.0% in the 4th quarter. Alliancebernstein L.P. now owns 503,750 shares of the company’s stock worth $1,693,000 after purchasing an additional 426,250 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Eventbrite by 22.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after buying an additional 405,318 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Eventbrite by 181.3% during the fourth quarter. JPMorgan Chase & Co. now owns 399,507 shares of the company’s stock worth $1,342,000 after buying an additional 257,462 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Eventbrite by 48.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 708,386 shares of the company’s stock valued at $2,380,000 after buying an additional 232,353 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Eventbrite by 151.8% in the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock valued at $462,000 after acquiring an additional 102,283 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Price Performance

Shares of EB opened at $2.12 on Thursday. The company has a market capitalization of $200.61 million, a P/E ratio of -23.56 and a beta of 2.04. The business’s 50-day moving average is $2.85 and its two-hundred day moving average is $3.14. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite, Inc. has a fifty-two week low of $2.05 and a fifty-two week high of $5.98.

Analysts Set New Price Targets

A number of brokerages have commented on EB. B. Riley reaffirmed a “neutral” rating and set a $3.50 price target (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.40.

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.