Eventbrite, Inc. (NYSE: EB) Shares acquired by Nordea Investment Management AB


Nordea Investment Management AB has increased its position in Eventbrite, Inc. (NYSE: EB – Get Rating) with 110.8% in the 1st quarter, reports Holdings Channel. The fund owned 567,222 shares of the company’s shares after purchasing an additional 298,164 shares during the period. Eventde’s Nordea Investment Management AB held $ 8,384,000 at the end of the last quarter.

Other large investors have also recently changed their stakes in the company. CWM LLC bought a new 4th quarter stake in Eventbrite worth approximately $ 9,816,000. Massachusetts Financial Services Co. MA raised its position in Eventbrite shares by 1.4% in the 4th quarter. Massachusetts Financial Services Co. MA already owns 4,771,232 shares of the company’s stock worth $ 83,209,000 after acquiring an additional 65,647 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Eventbrite by 4.2% in the third quarter. UBS Asset Management Americas Inc. already owns 63,945 shares of the company’s shares worth $ 1,209,000 after acquiring an additional 2,591 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Eventbrite in the 4th quarter worth approximately $ 20,645,000. Finally, Royce & Associates LP bought a new stake in Eventbrite in the 4th quarter worth approximately $ 768,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

A number of stock research analysts have issued EB stock reports. Truist Financial reduced its target price for Sharebrite shares to $ 23.00 in a research report on Friday, June 3. Morgan Stanley lowered its target price for Sharebrite shares from $ 17.00 to $ 16.00 and set an “equal weight” rating for the company in a research report on Friday, June 3.

Shares of EB opened at $ 11.44 on Friday. Eventbrite, Inc. has a 12-month low of $ 9.71 and a 12-month high of $ 22.52. The company has a fast ratio of 1.72, a current ratio of 1.72 and a debt to equity ratio of 2.15. The company has a market capitalization of $ 1.12 billion, a price-to-earnings ratio of -14.86 and a beta of 2.82. The company has a 50-day moving average of $ 11.58 and a two-day moving average of $ 13.85.

Eventbrite (NYSE: EB – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($ 0.19) EPS for the quarter, beating the consensus estimate of ($ 0.23) by $ 0.04. Eventbrite had a negative net margin of 34.10% and a negative return on equity of 43.17%. The company had revenue of $ 55.88 million for the quarter, compared to analysts’ estimates of $ 48.75 million. In the same quarter of the previous year, the business reported ($ 0.37) EPS. On average, research analysts predict that Eventbrite, Inc. will report -0.48 EPS for the current year.

About Eventbrite (Get a rating)

Eventbrite, Inc. operates a technology platform for ticketing and self-service experience that serves event creators 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 boost ticket sales.

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Want to see what other hedge funds hold EB? Visit HoldingsChannel.com to receive the latest 13F requests and internal deals for Eventbrite, Inc. (NYSE: EB – Get rating).

Institutional ownership by quarter for Eventbrite (NYSE: EB)



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