Eventbrite (NYSE:EB) Stock Rating Reaffirmed by BWS Financial

Eventbrite (NYSE:EB)‘s stock had its “buy” rating reissued by equities researchers at BWS Financial in a research note issued on Friday, Benzinga reports. They currently have a $7.00 target price on the stock. BWS Financial’s price objective would indicate a potential upside of 122.93% from the stock’s current price.

A number of other research analysts have also commented on the company. B. Riley lowered their price objective on Eventbrite from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler lowered shares of Eventbrite from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $9.00 to $4.00 in a research report on Friday. KeyCorp downgraded shares of Eventbrite from an “overweight” rating to a “sector weight” rating in a report on Friday. Truist Financial downgraded shares of Eventbrite from a “buy” rating to a “hold” rating in a report on Friday. Finally, Morgan Stanley decreased their price target on shares of Eventbrite from $9.00 to $6.50 and set an “equal weight” rating for the company in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.58.

Eventbrite Stock Down 17.4 %

NYSE:EB traded down $0.66 during trading hours on Friday, reaching $3.14. The company’s stock had a trading volume of 10,986,697 shares, compared to its average volume of 1,795,337. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $304.94 million, a price-to-earnings ratio of -16.53 and a beta of 2.34. Eventbrite has a one year low of $2.51 and a one year high of $11.33. The business’s 50-day moving average is $4.82 and its 200-day moving average is $5.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EB. BNP Paribas Financial Markets boosted its holdings in Eventbrite by 3.5% during the fourth quarter. BNP Paribas Financial Markets now owns 71,858 shares of the company’s stock valued at $601,000 after purchasing an additional 2,425 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Eventbrite by 10.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,805 shares of the company’s stock valued at $291,000 after acquiring an additional 3,311 shares during the period. Rhumbline Advisers raised its stake in Eventbrite by 3.5% during the second quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after acquiring an additional 3,829 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. acquired a new stake in shares of Eventbrite in the 4th quarter valued at $33,000. Finally, Swiss National Bank grew its holdings in shares of Eventbrite by 3.1% in the 1st quarter. Swiss National Bank now owns 159,300 shares of the company’s stock worth $873,000 after purchasing an additional 4,800 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.