Laurion Capital Management LP Acquires New Holdings in Eventbrite Inc (EB)

Laurion Capital Management LP acquired a new position in Eventbrite Inc (NYSE:EB) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 100,000 shares of the company’s stock, valued at approximately $3,797,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pendal Group Ltd bought a new position in shares of Eventbrite during the third quarter valued at approximately $189,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Eventbrite during the third quarter valued at approximately $337,000. GSA Capital Partners LLP bought a new position in shares of Eventbrite during the third quarter valued at approximately $518,000. Dean Capital Investments Management LLC bought a new position in shares of Eventbrite during the third quarter valued at approximately $624,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Eventbrite during the third quarter valued at approximately $745,000. Institutional investors and hedge funds own 35.98% of the company’s stock.

A number of equities analysts have weighed in on EB shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price on shares of Eventbrite in a research note on Tuesday, November 13th. SunTrust Banks started coverage on shares of Eventbrite in a research note on Monday, October 15th. They set a “hold” rating and a $30.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Eventbrite in a research note on Monday, October 15th. They set a “neutral” rating and a $31.00 target price for the company. Goldman Sachs Group started coverage on shares of Eventbrite in a research note on Monday, October 15th. They set a “neutral” rating and a $28.00 target price for the company. Finally, Royal Bank of Canada started coverage on shares of Eventbrite in a research note on Monday, October 15th. They set an “outperform” rating and a $37.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.80.

Shares of EB opened at $30.24 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.23. Eventbrite Inc has a twelve month low of $24.67 and a twelve month high of $40.25.

Eventbrite (NYSE:EB) last announced its quarterly earnings results on Monday, November 12th. The company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.77). The company had revenue of $73.60 million for the quarter, compared to the consensus estimate of $71.66 million. The firm’s quarterly revenue was up 45.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.61) earnings per share. On average, sell-side analysts expect that Eventbrite Inc will post -0.6 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/12/08/laurion-capital-management-lp-acquires-new-holdings-in-eventbrite-inc-eb.html.

About Eventbrite

Eventbrite, Inc operates as a technology platform worldwide. 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.

Featured Story: Rule of 72

Want to see what other hedge funds are holding EB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eventbrite Inc (NYSE:EB).

Institutional Ownership by Quarter for Eventbrite (NYSE:EB)

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply