ProShare Advisors LLC Acquires 7,182 Shares of Eventbrite, Inc. (NYSE:EB)

ProShare Advisors LLC grew its holdings in Eventbrite, Inc. (NYSE:EB) by 47.2% in the 4th quarter, HoldingsChannel reports. The firm owned 22,392 shares of the company’s stock after buying an additional 7,182 shares during the quarter. ProShare Advisors LLC’s holdings in Eventbrite were worth $75,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EB. RPO LLC bought a new position in shares of Eventbrite during the 4th quarter worth approximately $55,000. Mercer Global Advisors Inc. ADV purchased a new stake in Eventbrite during the 4th quarter worth approximately $66,000. EntryPoint Capital LLC purchased a new stake in Eventbrite during the 4th quarter worth approximately $67,000. WINTON GROUP Ltd purchased a new stake in Eventbrite during the 4th quarter worth approximately $78,000. Finally, Intech Investment Management LLC grew its position in Eventbrite by 26.6% during the 4th 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 during the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Trading Down 1.4%

Shares of EB stock opened at $2.44 on Wednesday. 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 firm has a market cap of $230.42 million, a PE ratio of -27.06 and a beta of 2.02. The company has a 50-day moving average of $2.19 and a two-hundred day moving average of $2.88. Eventbrite, Inc. has a 1-year low of $1.81 and a 1-year high of $5.92.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EB. BWS Financial reissued a “buy” rating and set a $7.00 target price on shares of Eventbrite in a research report on Monday, April 14th. B. Riley reaffirmed a “neutral” rating and issued a $3.50 price objective (down from $5.00) on shares of Eventbrite in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eventbrite has an average rating of “Hold” and a consensus target price of $4.83.

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.