Eventbrite, Inc. (NYSE:EB) Short Interest Update

Eventbrite, Inc. (NYSE:EB) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,330,000 shares, a drop of 14.2% from the January 15th total of 3,880,000 shares. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is presently 2.6 days.

Eventbrite Stock Performance

Eventbrite stock opened at $3.35 on Tuesday. The company’s 50 day simple moving average is $3.46 and its 200 day simple moving average is $3.30. Eventbrite has a fifty-two week low of $2.51 and a fifty-two week high of $9.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.58.

Insider Transactions at Eventbrite

In related news, COO Charles Baker sold 20,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the completion of the sale, the chief operating officer now owns 617,487 shares in the company, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 21.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Eventbrite in the third quarter valued at approximately $25,000. Pallas Capital Advisors LLC bought a new position in Eventbrite in the fourth quarter valued at approximately $37,000. Paloma Partners Management Co bought a new position in Eventbrite in the third quarter valued at approximately $44,000. RPO LLC bought a new position in Eventbrite in the fourth quarter valued at approximately $55,000. Finally, Harbor Capital Advisors Inc. lifted its stake in 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 buying an additional 8,307 shares in the last quarter. Institutional investors own 91.64% 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.