Tenere Capital LLC acquired a new position in Eventbrite, Inc. (NYSE:EB – Get Rating) during the first quarter, HoldingsChannel.com reports. The fund acquired 119,141 shares of the company's stock, valued at approximately $2,640,000. Eventbrite makes up about 1.5% of Tenere Capital LLC's holdings, making the stock its 26th biggest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Maverick Capital Ltd. purchased a new position in shares of Eventbrite in the 4th quarter worth approximately $51,000. Covestor Ltd grew its position in shares of Eventbrite by 18,765.2% in the 1st quarter. Covestor Ltd now owns 4,339 shares of the company's stock worth $64,000 after buying an additional 4,316 shares during the last quarter. Centaurus Financial Inc. grew its position in shares of Eventbrite by 13.9% in the 1st quarter. Centaurus Financial Inc. now owns 10,645 shares of the company's stock worth $157,000 after buying an additional 1,300 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of Eventbrite in the 4th quarter worth approximately $190,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Eventbrite in the 1st quarter worth approximately $211,000. Hedge funds and other institutional investors own 83.88% of the company's stock.
Get Eventbrite alerts:Eventbrite Stock Performance
Shares of NYSE EB opened at $7.69 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.23. Eventbrite, Inc. has a 12 month low of $6.72 and a 12 month high of $22.52. The company has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $11.30. The stock has a market cap of $756.08 million, a price-to-earnings ratio of -10.25 and a beta of 2.58.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on EB shares. Morgan Stanley cut their price objective on shares of Eventbrite from $16.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Friday. Truist Financial lowered their target price on shares of Eventbrite to $23.00 in a research note on Friday, June 3rd. Stifel Nicolaus lowered their target price on shares of Eventbrite from $15.00 to $14.00 in a research note on Tuesday, June 28th. KeyCorp began coverage on shares of Eventbrite in a research note on Wednesday, July 13th. They issued a "sector weight" rating for the company. Finally, Piper Sandler began coverage on shares of Eventbrite in a research note on Thursday, July 14th. They issued an "overweight" rating and a $13.00 target price for the company.Eventbrite Company Profile
(Get Rating)
Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves 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, increase reach, and drive ticket sales.
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