Bank of New York Mellon Corp boosted its holdings in shares of Eventbrite Inc (NYSE:EB) by 44.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,245 shares of the company’s stock after buying an additional 66,121 shares during the period. Bank of New York Mellon Corp owned approximately 0.25% of Eventbrite worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in Eventbrite by 1,826.7% in the first quarter. Tower Research Capital LLC TRC now owns 3,969 shares of the company’s stock valued at $29,000 after purchasing an additional 3,763 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Eventbrite by 106.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,697 shares of the company’s stock valued at $42,000 after purchasing an additional 2,940 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Eventbrite by 74.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,612 shares of the company’s stock valued at $48,000 after purchasing an additional 2,389 shares during the period. CSat Investment Advisory L.P. raised its holdings in Eventbrite by 19.0% in the 1st quarter. CSat Investment Advisory L.P. now owns 9,388 shares of the company’s stock valued at $69,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in Eventbrite in the 1st quarter valued at approximately $84,000. 65.11% of the stock is currently owned by hedge funds and other institutional investors.

Eventbrite stock opened at $10.32 on Monday. Eventbrite Inc has a 52 week low of $5.71 and a 52 week high of $22.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market capitalization of $937.57 million, a P/E ratio of -3.87 and a beta of 2.59. The stock has a 50-day simple moving average of $10.78 and a 200 day simple moving average of $9.25.

Eventbrite (NYSE:EB) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.07. Eventbrite had a negative return on equity of 61.89% and a negative net margin of 103.11%. The business had revenue of $8.39 million during the quarter, compared to analysts’ expectations of $13.90 million. Research analysts forecast that Eventbrite Inc will post -2.82 earnings per share for the current year.

EB has been the subject of several recent research reports. ValuEngine raised Eventbrite from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target on shares of Eventbrite in a report on Friday, August 7th. Truist reaffirmed a “buy” rating and issued a $16.00 price target (up previously from $12.00) on shares of Eventbrite in a report on Thursday, September 17th. Zacks Investment Research raised Eventbrite from a “sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $12.00 price target on shares of Eventbrite in a report on Friday, June 5th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $11.63.

Eventbrite Company Profile

Eventbrite, Inc operates a ticketing and event technology platform 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. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.

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Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

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