The Vanguard Group, Inc. has recently announced that it has increased stake in Eventbrite Inc (NYSE:EB) by 0.50%. After grabbing 7.69 million shares, the institutional investor is now in possession of 38303.0 shares of the Technology Company. The new investment brought the stake of investor firm to 9.05% having worth around $54.2 million. Moreover, American Century Investment Manag increased its share by 1.47 million to have a control over 4.11 million shares. And Wellington Management Co. LLP raised its holdings to 1.12 million shares by acquiring 3.71 million shares or 4.36% of the stake.
Eventbrite Inc (EB) concluded trading on 12/28/23 at a closing price of $8.73, with 2.27 million shares of worth about $19.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.11% during that period and on Thursday the price saw a gain of about 5.95%. Currently the company’s common shares owned by public are about 81.53M shares, out of which, 78.67M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 143 times over the past 12 months. They bought 1,488,220 shares in 87 of the transactions. In 56 selling transactions, insiders dumped 289,599 shares.
American Century Small Cap Growth, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Eventbrite Inc American Century Small Cap Growth is currently holding 2.55 million shares of worth totaling $18.0 million. The company recently came buying 0.13 million shares which brought its stake up to 3.01% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after buying 2.04 million shares, have now control over 2.40% of the stake in the company. It holds 24452.0 shares of worth $14.38 million.
Eventbrite Inc (NYSE: EB) started trading at $8.25, above $0.01 from concluding price of the previous day. Stock saw a price change of 8.99% in past 5 days and over the past one month there was a price change of 30.49%. Year-to-date (YTD), EB shares are showing a performance of 48.98% which increased to 58.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.30 but also hit the highest price of $11.90 during that period. The average intraday trading volume for Eventbrite Inc shares is 1.20 million. The stock is currently trading 11.15% above its 20-day simple moving average (SMA20), while that difference is up 11.66% for SMA50 and it goes to 0.10% higher than SMA200.
The Vanguard Group, Inc. acquired 7.69 million shares of Eventbrite Inc having value of about $54.2 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 38303.0 shares in the company valued at close to $334385.19, or have control over 0.50% stake in the company. Eventbrite Inc (NYSE: EB) currently have 81.53M outstanding shares and institutions hold larger chunk of about 81.64% of that. Holding of mutual funds in the company is about 46.58% while other institutional holders and individual stake holders have control over 50.14% and 3.69% of the stake respectively.
The stock has a current market capitalization of $878.41M and its 3Y-monthly beta is at 2.56. It has posted earnings per share of -$0.21 in the same period. It has Quick Ratio of 1.80 while making debt-to-equity ratio of 2.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EB, volatility over the week remained 3.56% while standing at 4.36% over the month.
Analysts are in expectations that Eventbrite Inc (EB) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.01 and it is -$0.04 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 51.49% while it is estimated to increase by 85.52% in next year. EPS is likely to grow at an annualized rate of 46.40% for next 5-years, compared to annual growth of 22.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on December 08, 2023 offering a Buy rating for the stock and assigned a target price of $13 to it.
