ThornTree Capital Partners LP grew its holdings in shares of Eventbrite Inc (NYSE:EB) by 16.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 859,614 shares of the company’s stock after purchasing an additional 120,765 shares during the quarter. Eventbrite makes up about 4.4% of ThornTree Capital Partners LP’s portfolio, making the stock its 12th biggest holding. ThornTree Capital Partners LP owned approximately 1.07% of Eventbrite worth $13,926,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. NumerixS Investment Technologies Inc purchased a new position in shares of Eventbrite during the 1st quarter worth $118,000. JPMorgan Chase & Co. raised its holdings in shares of Eventbrite by 2,165.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,036 shares of the company’s stock worth $160,000 after acquiring an additional 9,593 shares during the period. Holocene Advisors LP purchased a new position in shares of Eventbrite during the 2nd quarter worth $187,000. Bank of Montreal Can purchased a new position in shares of Eventbrite during the 2nd quarter worth $205,000. Finally, IHT Wealth Management LLC purchased a new position in shares of Eventbrite during the 2nd quarter worth $210,000. 52.82% of the stock is currently owned by institutional investors.
EB has been the topic of several analyst reports. Zacks Investment Research lowered Eventbrite from a “hold” rating to a “sell” rating in a report on Monday, August 19th. William Blair initiated coverage on Eventbrite in a report on Monday, June 17th. They set an “outperform” rating on the stock. Finally, SunTrust Banks set a $20.00 price target on Eventbrite and gave the stock a “hold” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.80.
Shares of NYSE EB traded up $0.15 during trading on Monday, hitting $19.06. 22,109 shares of the company were exchanged, compared to its average volume of 740,454. The firm has a market capitalization of $1.56 billion and a PE ratio of -13.15. Eventbrite Inc has a 12-month low of $15.30 and a 12-month high of $40.25. The company has a fifty day moving average price of $17.82 and a 200-day moving average price of $19.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.67 and a current ratio of 1.67.
Eventbrite (NYSE:EB) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.01. The firm had revenue of $80.80 million for the quarter, compared to analyst estimates of $76.44 million. Eventbrite had a negative net margin of 23.53% and a negative return on equity of 13.82%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Research analysts anticipate that Eventbrite Inc will post -0.77 earnings per share for the current fiscal year.
Eventbrite Company Profile
Eventbrite, Inc operates a ticketing and event technology platform 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, 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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