Eventbrite, Inc. (NYSE:EB) Position Boosted by Nantahala Capital Management LLC

Nantahala Capital Management LLC boosted its position in Eventbrite, Inc. (NYSE:EB) by 76.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,930,947 shares of the company’s stock after buying an additional 2,569,747 shares during the quarter. Eventbrite makes up about 0.9% of Nantahala Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Nantahala Capital Management LLC owned approximately 6.12% of Eventbrite worth $19,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EB. Price T Rowe Associates Inc. MD grew its stake in shares of Eventbrite by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,076 shares of the company’s stock worth $209,000 after purchasing an additional 5,114 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Eventbrite by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 227,548 shares of the company’s stock valued at $765,000 after purchasing an additional 5,359 shares during the period. Intech Investment Management LLC raised its stake in shares of Eventbrite by 26.6% in the 4th quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after buying an additional 6,842 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Eventbrite by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 38,264 shares of the company’s stock worth $129,000 after purchasing an additional 8,070 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Eventbrite during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

EB has been the topic of a number of recent analyst reports. BWS Financial reaffirmed a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. B. Riley restated a “neutral” rating and issued a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.40.

Eventbrite Trading Down 1.2 %

Shares of NYSE EB opened at $2.09 on Monday. The stock has a market cap of $197.30 million, a price-to-earnings ratio of -23.17 and a beta of 2.05. The business has a 50 day simple moving average of $2.35 and a 200 day simple moving average of $3.04. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. Eventbrite, Inc. has a 52 week low of $1.81 and a 52 week high of $5.92.

Eventbrite 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.