Meteora Capital LLC increased its holdings in Eventbrite, Inc. by 44.9% during the second quarter, according to a recent SEC disclosure. The firm purchased 303,700 shares, bringing Meteora's total ownership to 979,500 shares.
This total stake is valued at approximately $2.58 million. Meteora now owns about 1.04% of the company.
This move aligns with a broader trend of rising institutional investment in Eventbrite. Firms including Invesco, Marshall Wace, and Federated Hermes have also enlarged their positions. Institutional investors and hedge funds collectively own a significant 91.64% of Eventbrite's shares.
Wall Street analysts currently maintain a consensus "Hold" rating for Eventbrite stock. The average price target stands at $4.40. No specific market reaction to this latest filing was reported.