12 Best Technology Penny Stocks To Buy According to Hedge Funds

4. Eventbrite, Inc. (NYSE:EB)

Number of Hedge Fund Investors: 23

Stock Price as of December 23: $3.33

Eventbrite, Inc. (NYSE:EB) operates a self-service ticketing platform for live events. The platform allows event organizers to plan, promote, and sell tickets online. Eventbrite, Inc. (NYSE:EB) has a presence in over 180 countries and serves clients in entertainment, education, and business events. The company earns revenue through ticket sales fees and premium event management tools.

Eventbrite, Inc. (NYSE:EB) is focusing on revitalizing its core ticketing business by attracting more creators and events to its platform. A key initiative in this effort is the introduction of an expanded free tier, which allows creators to publish unlimited events without upfront fees. This move is already showing positive results, with paid events returning to year-over-year growth in the month of launch. The company is also seeing improvements in key metrics such as creator acquisition, event volume, and ticket transactions. The company’s win-back campaign, which includes targeted email marketing, paid advertising, and in-product messaging, has been particularly successful.

Eventbrite, Inc. (NYSE:EB) is continuously enhancing its product offerings to meet the evolving needs of creators and consumers. One recent innovation is the introduction of timed entry, which gives creators greater control over managing the flow of attendees. This feature has been well-received, especially by larger and more frequent creators in categories such as music, food and drink, and seasonal events. Eventbrite, Inc. (NYSE:EB) is also redesigning its mobile app to enhance personalization, discovery, and consumer engagement. The new app, currently in live beta testing, is set to launch early next year and is expected to drive higher consumer engagement and purchase frequency. The company is also investing in marketing tools and capabilities, such as Eventbrite ads, which have been adopted by more than 10,000 creators monthly.