Rice Hall James & Associates LLC Sells 967,644 Shares of Eventbrite, Inc. $EB

Rice Hall James & Associates LLC cut its stake in shares of Eventbrite, Inc. (NYSE:EB) by 72.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 375,855 shares of the company’s stock after selling 967,644 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.39% of Eventbrite worth $947,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Eventbrite by 102.0% during the 1st quarter. AQR Capital Management LLC now owns 2,202,617 shares of the company’s stock worth $4,648,000 after purchasing an additional 1,112,310 shares in the last quarter. Palogic Value Management L.P. grew its stake in Eventbrite by 87.7% during the first quarter. Palogic Value Management L.P. now owns 1,125,987 shares of the company’s stock worth $2,376,000 after buying an additional 525,987 shares during the last quarter. Nantahala Capital Management LLC grew its stake in Eventbrite by 7.6% during the first quarter. Nantahala Capital Management LLC now owns 6,381,395 shares of the company’s stock worth $13,465,000 after buying an additional 450,448 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Eventbrite by 3,304.7% during the first quarter. Royal Bank of Canada now owns 422,353 shares of the company’s stock worth $891,000 after buying an additional 409,948 shares in the last quarter. Finally, Meteora Capital LLC raised its stake in shares of Eventbrite by 44.9% in the second quarter. Meteora Capital LLC now owns 979,500 shares of the company’s stock valued at $2,576,000 after acquiring an additional 303,700 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Eventbrite in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Eventbrite currently has an average rating of “Hold” and a consensus target price of $4.40.

Eventbrite Trading Down 0.1%

Shares of NYSE EB opened at $4.45 on Friday. Eventbrite, Inc. has a 1-year low of $1.80 and a 1-year high of $4.46. The company has a 50-day moving average of $3.22 and a two-hundred day moving average of $2.80. The company has a market cap of $434.17 million, a PE ratio of -37.04 and a beta of 1.48. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.29.

Eventbrite Profile

Eventbrite is a global event management and ticketing platform that enables organizers to create, promote and sell tickets for live and virtual experiences. The company’s software-as-a-service platform offers tools for event registration, ticketing, seating allocation and on­-site check­-in, allowing users to handle everything from small community gatherings to large-scale festivals through a single interface.

Beyond basic ticket sales, Eventbrite provides integrated marketing and analytics solutions designed to help hosts grow attendance and engage audiences.