GenTrust LLC Takes Position in Eventbrite, Inc. (NYSE:EB)

GenTrust LLC purchased a new stake in Eventbrite, Inc. (NYSE:EB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 88,175 shares of the company’s stock, valued at approximately $296,000. GenTrust LLC owned 0.09% of Eventbrite at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Quantbot Technologies LP purchased a new position in Eventbrite during the third quarter worth $25,000. Pallas Capital Advisors LLC purchased a new position in Eventbrite during the fourth quarter worth $37,000. Paloma Partners Management Co purchased a new stake in shares of Eventbrite in the third quarter valued at $44,000. Harbor Capital Advisors Inc. grew its position in shares of Eventbrite by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 23,477 shares of the company’s stock valued at $64,000 after purchasing an additional 8,307 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Eventbrite in the third quarter valued at $70,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.58.

Insider Activity at Eventbrite

In other Eventbrite news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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. The trade was a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.46% of the stock is owned by insiders.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $3.18 on Thursday. Eventbrite, Inc. has a twelve month low of $2.51 and a twelve month high of $8.46. The stock has a market capitalization of $307.60 million, a P/E ratio of -35.28 and a beta of 2.27. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. The business’s fifty day moving average price is $3.41 and its 200 day moving average price is $3.28.

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.