Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,274 Shares of Eventbrite, Inc. (NYSE:EB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Eventbrite, Inc. (NYSE:EB – Get Rating) by 24.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,483 shares of the company’s stock after acquiring an additional 2,274 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eventbrite were worth $67,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can purchased a new position in Eventbrite in the 3rd quarter worth about $31,000. UBS Group AG increased its stake in Eventbrite by 57.5% in the 3rd quarter. UBS Group AG now owns 6,409 shares of the company’s stock worth $38,000 after buying an additional 2,340 shares during the period. Centiva Capital LP purchased a new position in Eventbrite in the 3rd quarter worth about $61,000. Covestor Ltd increased its stake in Eventbrite by 18,765.2% in the 1st quarter. Covestor Ltd now owns 4,339 shares of the company’s stock worth $64,000 after buying an additional 4,316 shares during the period. Finally, PDT Partners LLC purchased a new position in Eventbrite in the 3rd quarter worth about $67,000. Institutional investors own 85.05% of the company’s stock.

Eventbrite Stock Down 2.8 %

EB stock opened at $7.25 on Friday. The firm has a 50 day moving average of $8.03 and a 200 day moving average of $7.54. The stock has a market capitalization of $715.50 million, a PE ratio of -12.95 and a beta of 2.56. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.13. Eventbrite, Inc. has a 52 week low of $5.30 and a 52 week high of $12.89.

Eventbrite (NYSE:EB – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.19. Eventbrite had a negative net margin of 21.23% and a negative return on equity of 34.62%. The business had revenue of $71.54 million during the quarter, compared to analysts’ expectations of $70.81 million. Sell-side analysts forecast that Eventbrite, Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on EB. Morgan Stanley raised their target price on shares of Eventbrite from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Thursday, March 2nd. William Blair reissued an “outperform” rating on shares of Eventbrite in a research report on Wednesday, March 1st.

Eventbrite Company Profile

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Eventbrite, Inc provides event management services encompassing online ticketing, event hosting, organization, promotion, and advertising. It offers virtual events, online webinars, online classes, virtual runs, online zumba classes, and online yoga. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E.