Eventbrite, Inc. (NYSE:EB) COO Sells $71,000.00 in Stock

Eventbrite, Inc. (NYSE:EB) COO Charles Baker sold 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the sale, the chief operating officer now directly owns 617,487 shares of the company’s stock, valued at approximately $2,192,078.85. This represents a 3.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Eventbrite Price Performance

EB opened at $3.38 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.34. The company’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.77. Eventbrite, Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $9.20. The firm has a market cap of $327.46 million, a price-to-earnings ratio of -37.56 and a beta of 2.27.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and issued a $7.00 target price 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.58.

Institutional Investors Weigh In On Eventbrite

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in shares of Eventbrite by 3.5% during the second quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock valued at $544,000 after buying an additional 3,829 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Eventbrite by 24.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,855 shares of the company’s stock worth $140,000 after purchasing an additional 5,664 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Eventbrite by 54.8% during 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. Quantbot Technologies LP bought a new stake in shares of Eventbrite during the third quarter valued at about $25,000. Finally, Covestor Ltd lifted its holdings in Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company’s stock worth $91,000 after purchasing an additional 13,483 shares during the period. 91.64% of the stock is 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.