Whetstone Capital Advisors LLC Has $3.91 Million Stock Position in Eventbrite, Inc. (NYSE:EB)

Whetstone Capital Advisors LLC raised its holdings in Eventbrite, Inc. (NYSE:EB) by 74.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,432,555 shares of the company’s stock after purchasing an additional 612,173 shares during the quarter. Eventbrite accounts for approximately 1.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Whetstone Capital Advisors LLC’s holdings in Eventbrite were worth $3,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of Eventbrite during the 3rd quarter valued at approximately $756,000. Algert Global LLC boosted its position in Eventbrite by 28.5% in the third quarter. Algert Global LLC now owns 739,768 shares of the company’s stock valued at $2,020,000 after buying an additional 164,080 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Eventbrite during the third quarter worth $70,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Eventbrite by 46.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company’s stock worth $1,300,000 after buying an additional 149,934 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Eventbrite by 68.3% in the 3rd quarter. Covestor Ltd now owns 33,220 shares of the company’s stock valued at $91,000 after acquiring an additional 13,483 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EB has been the topic of a number of research reports. KeyCorp lowered Eventbrite from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 9th. BWS Financial restated a “buy” rating and set a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th. B. Riley dropped their price objective on shares of Eventbrite from $10.00 to $5.00 and set a “buy” rating for the company in a report on Friday, August 9th. Truist Financial lowered shares of Eventbrite from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Piper Sandler downgraded shares of Eventbrite from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $9.00 to $4.00 in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.58.

Insider Buying and Selling at Eventbrite

In related news, CFO Charles Baker sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.03, for a total value of $60,600.00. Following the transaction, the chief financial officer now owns 628,152 shares of the company’s stock, valued at approximately $1,903,300.56. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.46% of the stock is currently owned by company insiders.

Eventbrite Stock Performance

Shares of Eventbrite stock opened at $3.61 on Monday. Eventbrite, Inc. has a one year low of $2.51 and a one year high of $9.20. The stock’s 50-day moving average is $3.08 and its 200 day moving average is $3.95. 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 Company 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.