Eventbrite, Inc. (NYSE:EB – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.07 and last traded at $5.07, with a volume of 240274 shares traded. The stock had previously closed at $5.12.
Analysts Set New Price Targets
A number of equities analysts have weighed in on EB shares. TheStreet downgraded Eventbrite from a “c-” rating to a “d+” rating in a research report on Friday, November 24th. BWS Financial assumed coverage on Eventbrite in a research report on Monday, November 27th. They issued a “buy” rating and a $12.00 target price on the stock. Truist Financial decreased their target price on Eventbrite from $17.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. B. Riley assumed coverage on Eventbrite in a research report on Friday, December 8th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Piper Sandler decreased their target price on Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Eventbrite has an average rating of “Moderate Buy” and an average price target of $11.00.
Eventbrite Price Performance
The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.87. The stock has a 50 day moving average price of $7.68 and a 200 day moving average price of $8.26.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of EB. American Century Companies Inc. grew its holdings in Eventbrite by 55.7% during the 3rd quarter. American Century Companies Inc. now owns 4,109,897 shares of the company’s stock worth $40,524,000 after acquiring an additional 1,470,551 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in shares of Eventbrite by 54.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,567,300 shares of the company’s stock valued at $29,823,000 after buying an additional 1,259,000 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Eventbrite in the 1st quarter valued at about $10,452,000. Marshall Wace LLP grew its stake in shares of Eventbrite by 76.3% in the 2nd quarter. Marshall Wace LLP now owns 2,780,862 shares of the company’s stock valued at $26,557,000 after buying an additional 1,203,077 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Eventbrite in the 2nd quarter valued at about $10,505,000. 81.38% of the stock is owned by institutional investors.
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.