Short Interest in Eventbrite, Inc. (NYSE:EB) Rises By 24.3%

Eventbrite, Inc. (NYSE:EB) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,940,000 shares, an increase of 24.3% from the February 28th total of 3,170,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 3.8 days. Currently, 5.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

EB has been the topic of several recent research reports. B. Riley restated a “neutral” rating and set a $3.50 price target (down from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a research note on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.40.

Eventbrite Trading Down 0.5 %

EB traded down $0.01 during midday trading on Wednesday, reaching $2.12. 677,597 shares of the company’s stock traded hands, compared to its average volume of 1,536,732. The stock has a market capitalization of $200.61 million, a price-to-earnings ratio of -23.56 and a beta of 2.24. Eventbrite has a 52 week low of $2.05 and a 52 week high of $5.98. The firm has a fifty day moving average of $2.85 and a two-hundred day moving average of $3.14. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56.

Institutional Trading of Eventbrite

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EB. Quantbot Technologies LP purchased a new position in Eventbrite during the 3rd quarter valued at $25,000. Pallas Capital Advisors LLC purchased a new position in shares of Eventbrite during the fourth quarter valued at about $37,000. Paloma Partners Management Co bought a new position in Eventbrite in the third quarter worth about $44,000. RPO LLC purchased a new stake in Eventbrite in the fourth quarter worth about $55,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Eventbrite during the 4th quarter valued at approximately $66,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About Eventbrite

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.