Wall Street's love affair with Eventbrite (NYSE: EB) didn't last long. It's been 11 months since the online ticketing specialist went public at $23, closing above $36 on its first day of trading. The stock has gone on to shed more than half of its value, and Eventbrite is now a broken IPO after spending the last three months and change in the teens.
Poorly received financial results, a CFO shuffle, and even fallout from the cancellation of a prominent music festival have weighed on Eventbrite, but there's still a lot to like about the out-of-favor investment. Let's go over Eventbrite's rough rookie season and why it's well positioned to bounce back in its second year of public trading.
Image source: Eventbrite.
Source Fool.com