Jacobs Levy Equity Management Inc. Acquires 848,461 Shares of Eventbrite, Inc. (NYSE:EB)

Jacobs Levy Equity Management Inc. lifted its position in Eventbrite, Inc. (NYSE:EB) by 674.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 974,327 shares of the company’s stock after purchasing an additional 848,461 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.00% of Eventbrite worth $5,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Eventbrite by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,901,768 shares of the company’s stock valued at $77,911,000 after purchasing an additional 49,892 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Eventbrite by 47.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 5,267,900 shares of the company’s stock worth $28,868,000 after purchasing an additional 1,700,600 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Eventbrite by 19.2% in the 4th quarter. Wellington Management Group LLP now owns 4,415,760 shares of the company’s stock worth $36,916,000 after purchasing an additional 710,548 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Eventbrite by 16.3% during the 1st quarter. Rice Hall James & Associates LLC now owns 2,156,625 shares of the company’s stock valued at $11,818,000 after purchasing an additional 302,912 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Eventbrite by 1,827.6% during the first quarter. Acadian Asset Management LLC now owns 876,014 shares of the company’s stock valued at $4,799,000 after buying an additional 830,568 shares during the period. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EB has been the topic of several research reports. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Eventbrite in a research report on Wednesday, July 17th. Morgan Stanley cut their target price on shares of Eventbrite from $9.00 to $6.50 and set an “equal weight” rating for the company in a research report on Tuesday, May 21st. Finally, KeyCorp cut their target price on shares of Eventbrite from $13.00 to $6.00 and set an “overweight” rating for the company in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.93.

Eventbrite Stock Down 2.1 %

NYSE EB traded down $0.11 during trading hours on Wednesday, reaching $5.11. The company’s stock had a trading volume of 540,687 shares, compared to its average volume of 1,720,524. Eventbrite, Inc. has a 1 year low of $4.46 and a 1 year high of $11.90. The firm’s 50-day moving average price is $4.97 and its 200-day moving average price is $5.93. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.95.

Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Eventbrite had a negative net margin of 5.47% and a negative return on equity of 10.00%. The business had revenue of $86.25 million during the quarter, compared to the consensus estimate of $85.26 million. As a group, analysts predict that Eventbrite, Inc. will post -0.16 EPS for the current fiscal year.

About Eventbrite

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.