Jefferies Financial Group Inc. Buys Shares of 39,200 Eventbrite, Inc. (NYSE:EB)

Jefferies Financial Group Inc. purchased a new position in Eventbrite, Inc. (NYSE:EB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 39,200 shares of the company’s stock, valued at approximately $132,000.

Other large investors also recently modified their holdings of the company. D. E. Shaw & Co. Inc. grew its position in shares of Eventbrite by 24.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,016,634 shares of the company’s stock valued at $6,776,000 after buying an additional 393,964 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in Eventbrite in the fourth quarter worth about $504,000. Ameriprise Financial Inc. boosted its stake in Eventbrite by 4.5% in the fourth quarter. Ameriprise Financial Inc. now owns 237,387 shares of the company’s stock valued at $798,000 after acquiring an additional 10,144 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Eventbrite during the fourth quarter valued at approximately $66,000. Finally, Nantahala Capital Management LLC grew its holdings in shares of Eventbrite by 76.5% during the fourth quarter. Nantahala Capital Management LLC now owns 5,930,947 shares of the company’s stock valued at $19,928,000 after purchasing an additional 2,569,747 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Eventbrite Stock Up 0.9%

EB opened at $2.34 on Monday. The stock’s 50 day moving average price is $2.18 and its 200 day moving average price is $2.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $221.43 million, a P/E ratio of -26.00 and a beta of 2.02. Eventbrite, Inc. has a 12 month low of $1.81 and a 12 month high of $5.92.

Eventbrite (NYSE:EB) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $72.88 million. Eventbrite had a negative return on equity of 4.44% and a negative net margin of 2.42%. As a group, research analysts predict that Eventbrite, Inc. will post -0.12 earnings per share for the current 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.