Laurion Capital Management LP Takes Position in Eventbrite Inc (EB)

Laurion Capital Management LP purchased a new position in Eventbrite Inc (NYSE:EB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $3,797,000. Laurion Capital Management LP owned 0.13% of Eventbrite as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC bought a new position in Eventbrite in the third quarter valued at $337,000. Wells Fargo & Company MN bought a new position in shares of Eventbrite during the third quarter valued at about $2,786,000. Pendal Group Ltd bought a new position in shares of Eventbrite during the third quarter valued at about $189,000. Jennison Associates LLC bought a new position in shares of Eventbrite during the third quarter valued at about $3,725,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Eventbrite during the third quarter valued at about $11,500,000. 35.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:EB opened at $30.24 on Friday. Eventbrite Inc has a 12-month low of $24.67 and a 12-month high of $40.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.23.

Eventbrite (NYSE:EB) last announced its quarterly earnings data on Monday, November 12th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.77). The firm had revenue of $73.60 million during the quarter, compared to analysts’ expectations of $71.66 million. During the same quarter in the prior year, the business earned ($0.61) earnings per share. The company’s revenue was up 45.2% on a year-over-year basis. As a group, analysts forecast that Eventbrite Inc will post -0.6 earnings per share for the current fiscal year.

EB has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective on shares of Eventbrite in a research note on Tuesday, November 13th. SunTrust Banks initiated coverage on Eventbrite in a research note on Monday, October 15th. They set a “hold” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Eventbrite in a research note on Monday, October 15th. They set a “neutral” rating and a $31.00 price objective on the stock. Goldman Sachs Group initiated coverage on Eventbrite in a research note on Monday, October 15th. They set a “neutral” rating and a $28.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on Eventbrite in a research note on Monday, October 15th. They set an “outperform” rating and a $37.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.80.

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About Eventbrite

Eventbrite, Inc operates as a technology platform worldwide. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.

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Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

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