36,104 Shares in Eventbrite, Inc. (NYSE:EB) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in shares of Eventbrite, Inc. (NYSE:EB) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 36,104 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Covestor Ltd increased its position in Eventbrite by 217.7% in the third quarter. Covestor Ltd now owns 2,783 shares of the company’s stock worth $27,000 after purchasing an additional 1,907 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Eventbrite in the 4th quarter valued at about $105,000. ANTIPODES PARTNERS Ltd bought a new stake in Eventbrite during the third quarter worth approximately $108,000. SG Americas Securities LLC bought a new stake in shares of Eventbrite in the 4th quarter valued at approximately $128,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Eventbrite by 27.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,642 shares of the company’s stock valued at $164,000 after purchasing an additional 4,281 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Price Performance

Shares of NYSE:EB opened at $5.38 on Friday. 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 firm’s 50 day simple moving average is $5.94 and its 200-day simple moving average is $7.31. Eventbrite, Inc. has a one year low of $5.00 and a one year high of $11.90.

Eventbrite (NYSE:EB) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. Eventbrite had a negative return on equity of 14.87% and a negative net margin of 8.12%. The firm had revenue of $87.76 million during the quarter, compared to the consensus estimate of $88.45 million. Analysts forecast that Eventbrite, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

EB has been the subject of a number of analyst reports. Truist Financial lowered their price target on Eventbrite from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Morgan Stanley reduced their target price on shares of Eventbrite from $11.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Finally, Piper Sandler cut their price target on shares of Eventbrite from $13.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Insider Activity

In related news, CFO Charles Baker sold 20,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $5.52, for a total transaction of $110,400.00. Following the completion of the sale, the chief financial officer now owns 357,839 shares of the company’s stock, valued at $1,975,271.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.28% of the company’s stock.

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.