GSA Capital Partners LLP Invests $451,000 in Eventbrite, Inc. $EB

GSA Capital Partners LLP acquired a new stake in shares of Eventbrite, Inc. (NYSE:EB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 179,009 shares of the company’s stock, valued at approximately $451,000.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Eventbrite by 102.0% during the first quarter. AQR Capital Management LLC now owns 2,202,617 shares of the company’s stock valued at $4,648,000 after acquiring an additional 1,112,310 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Eventbrite by 1,995.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 800,385 shares of the company’s stock worth $2,017,000 after purchasing an additional 762,184 shares in the last quarter. Royal Bank of Canada increased its position 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 valued at $891,000 after purchasing an additional 409,948 shares during the period. Meteora Capital LLC increased its position in shares of Eventbrite by 44.9% during the second quarter. Meteora Capital LLC now owns 979,500 shares of the company’s stock valued at $2,576,000 after purchasing an additional 303,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Eventbrite by 19.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 933,224 shares of the company’s stock valued at $2,454,000 after purchasing an additional 152,086 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Eventbrite Trading Down 0.1%

Shares of EB opened at $4.42 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $431.26 million, a PE ratio of -36.79 and a beta of 1.39. Eventbrite, Inc. has a 1 year low of $1.80 and a 1 year high of $4.48. The stock has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $3.37.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Eventbrite in a research note on Monday, December 29th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.40.

About Eventbrite

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.