Eventbrite, Inc. (NYSE:EB - Get Free Report) COO Charles Baker sold 20,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. This represents a 3.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Eventbrite Trading Down 1.0 %
Shares of NYSE:EB opened at $3.62 on Wednesday. The stock's 50-day simple moving average is $3.36 and its two-hundred day simple moving average is $3.78. The stock has a market capitalization of $350.22 million, a price-to-earnings ratio of -40.11 and a beta of 2.27. Eventbrite, Inc. has a 52-week low of $2.51 and a 52-week high of $9.20. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56.
Hedge Funds Weigh In On Eventbrite
A number of institutional investors and hedge funds have recently made changes to their positions in EB. Nantahala Capital Management LLC purchased a new position in Eventbrite during the second quarter valued at $7,744,000. Acadian Asset Management LLC raised its stake in shares of Eventbrite by 125.9% in the second quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company's stock worth $9,573,000 after buying an additional 1,102,809 shares during the period. Whetstone Capital Advisors LLC lifted its position in shares of Eventbrite by 74.6% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company's stock valued at $3,911,000 after buying an additional 612,173 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Eventbrite by 22.6% during 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 acquiring an additional 405,318 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Eventbrite in the 3rd quarter worth approximately $756,000. Hedge funds and other institutional investors own 91.64% of the company's stock.
Analyst Ratings Changes
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Separately, BWS Financial reissued a "buy" rating and set a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Eventbrite presently has an average rating of "Hold" and a consensus price target of $6.58.
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About Eventbrite
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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.
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