Lord Abbett & CO. LLC raised its position in shares of Eventbrite Inc (NYSE:EB) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 777,603 shares of the company’s stock after acquiring an additional 90,725 shares during the period. Lord Abbett & CO. LLC owned approximately 0.99% of Eventbrite worth $21,625,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Eventbrite during the third quarter valued at approximately $248,000. Pendal Group Ltd raised its position in Eventbrite by 86.7% during the fourth quarter. Pendal Group Ltd now owns 9,283 shares of the company’s stock valued at $258,000 after purchasing an additional 4,312 shares in the last quarter. Putnam Investments LLC acquired a new position in Eventbrite during the third quarter valued at approximately $473,000. Sit Investment Associates Inc. grew its stake in shares of Eventbrite by 233.2% during the fourth quarter. Sit Investment Associates Inc. now owns 18,075 shares of the company’s stock worth $503,000 after buying an additional 12,650 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Eventbrite during the third quarter worth $507,000. Institutional investors own 33.99% of the company’s stock.

Shares of Eventbrite stock opened at $22.55 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.23. Eventbrite Inc has a twelve month low of $22.10 and a twelve month high of $40.25. The firm has a market capitalization of $1.76 billion and a P/E ratio of -15.55.

Eventbrite (NYSE:EB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $75.92 million for the quarter, compared to the consensus estimate of $72.90 million. As a group, sell-side analysts predict that Eventbrite Inc will post -0.24 earnings per share for the current fiscal year.

A number of analysts have weighed in on EB shares. Stifel Nicolaus cut shares of Eventbrite from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research note on Wednesday, December 19th. SunTrust Banks decreased their target price on shares of Eventbrite to $28.00 and set a “hold” rating on the stock in a research note on Friday, March 8th. Royal Bank of Canada decreased their target price on shares of Eventbrite and set an “outperform” rating on the stock in a research note on Friday, March 8th. Finally, Zacks Investment Research cut shares of Eventbrite from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Eventbrite has an average rating of “Hold” and an average price target of $31.40.

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Eventbrite Company Profile

Eventbrite, Inc operates as a technology platform worldwide. 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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