Shares of Eventbrite Inc (NYSE:EB) traded up 6.4% on Wednesday . The company traded as high as $19.20 and last traded at $19.10, 909,044 shares traded hands during mid-day trading. An increase of 11% from the average session volume of 822,482 shares. The stock had previously closed at $17.95.

EB has been the topic of several recent analyst reports. SunTrust Banks set a $20.00 price target on Eventbrite and gave the stock a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research downgraded Eventbrite from a “hold” rating to a “sell” rating in a report on Monday, August 19th. Finally, William Blair started coverage on shares of Eventbrite in a research note on Monday, June 17th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.80.

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $17.79 and its two-hundred day moving average price is $19.25. The company has a market capitalization of $1.45 billion and a price-to-earnings ratio of -13.17.

Eventbrite (NYSE:EB) last issued its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. Eventbrite had a negative net margin of 23.53% and a negative return on equity of 13.82%. The business had revenue of $80.80 million during the quarter, compared to the consensus estimate of $76.44 million. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities research analysts predict that Eventbrite Inc will post -0.77 EPS for the current year.

In other Eventbrite news, SVP Patrick David Poels sold 26,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $17.71, for a total value of $460,460.00. Following the transaction, the senior vice president now directly owns 27,210 shares in the company, valued at $481,889.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samantha Harnett sold 57,342 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $16.39, for a total transaction of $939,835.38. The disclosure for this sale can be found here. 19.61% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of EB. Baillie Gifford & Co. boosted its holdings in shares of Eventbrite by 95.4% during the 2nd quarter. Baillie Gifford & Co. now owns 2,934,531 shares of the company’s stock worth $47,539,000 after buying an additional 1,432,490 shares during the period. Vanguard Group Inc. lifted its position in Eventbrite by 113.9% during the second quarter. Vanguard Group Inc. now owns 2,822,011 shares of the company’s stock worth $45,716,000 after acquiring an additional 1,502,978 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its position in Eventbrite by 106.9% during the second quarter. Nikko Asset Management Americas Inc. now owns 2,637,357 shares of the company’s stock worth $42,725,000 after acquiring an additional 1,362,359 shares during the last quarter. BlackRock Inc. lifted its position in Eventbrite by 181.4% during the second quarter. BlackRock Inc. now owns 2,014,636 shares of the company’s stock worth $32,638,000 after acquiring an additional 1,298,789 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Eventbrite by 57.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,010,710 shares of the company’s stock worth $32,574,000 after acquiring an additional 735,712 shares during the period. Institutional investors own 52.82% of the company’s stock.

About Eventbrite (NYSE:EB)

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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