EB - Eventbrite: Turning Cautious After Multiple Red Flags Emerge
Ever since Eventbrite's (EB) IPO last September at $23 per share, I've always viewed the company as a value stock within an otherwise-expensive pool of recent IPOs. Key reasons for being bullish on Eventbrite included its fast pace of revenue growth, driven by strong international market additions (a factor that still remains unchanged), as well as a wide-open opportunity for introducing new types of live events into its platform like sports. Eventbrite's consistently low valuation multiple compared to peers made it an incredibly attractive investment.
Though I was previously bullish on this name,