Bridgeway Capital Management LLC Makes New Investment in Eventbrite, Inc. (NYSE:EB)

Bridgeway Capital Management LLC purchased a new position in Eventbrite, Inc. (NYSE:EB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $504,000. Bridgeway Capital Management LLC owned approximately 0.15% of Eventbrite as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its position in Eventbrite by 53.9% in the fourth quarter. US Bancorp DE now owns 40,011 shares of the company’s stock worth $134,000 after buying an additional 14,007 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Eventbrite by 550.0% during the fourth quarter. Alliancebernstein L.P. now owns 503,750 shares of the company’s stock worth $1,693,000 after purchasing an additional 426,250 shares in the last quarter. Savant Capital LLC grew its position in shares of Eventbrite by 76.6% during the fourth quarter. Savant Capital LLC now owns 37,590 shares of the company’s stock worth $126,000 after purchasing an additional 16,310 shares in the last quarter. Barclays PLC grew its position in shares of Eventbrite by 151.8% during the third quarter. Barclays PLC now owns 169,642 shares of the company’s stock worth $462,000 after purchasing an additional 102,283 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of Eventbrite by 26.6% during the fourth quarter. Intech Investment Management LLC now owns 32,601 shares of the company’s stock worth $110,000 after purchasing an additional 6,842 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. B. Riley reiterated a “neutral” rating and set a $3.50 target price (down previously from $5.00) on shares of Eventbrite in a research report on Friday, February 28th. BWS Financial reiterated a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eventbrite presently has an average rating of “Hold” and a consensus target price of $5.25.

Eventbrite Price Performance

Shares of Eventbrite stock opened at $2.49 on Monday. The stock has a 50 day moving average of $2.18 and a 200 day moving average of $3.00. Eventbrite, Inc. has a 12 month low of $1.81 and a 12 month high of $5.92. The firm has a market cap of $235.63 million, a PE ratio of -27.67 and a beta of 2.02. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34.

Eventbrite (NYSE:EB) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. The company had revenue of $73.83 million during the quarter, compared to analyst estimates of $72.88 million. On average, research analysts expect that Eventbrite, Inc. will post -0.12 EPS for the current fiscal year.

Eventbrite 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.