STUB (NYSE:STUB) Stock Price Down 9% – Should You Sell?

Shares of STUB (NYSE:STUB) dropped 9% during mid-day trading on Wednesday . The stock traded as low as $9.70 and last traded at $9.7090. Approximately 4,180,890 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 5,172,838 shares. The stock had previously closed at $10.67.

Wall Street Analysts Forecast Growth

STUB has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. Morgan Stanley raised their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a report on Friday, June 12th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Finally, Citigroup reiterated a “neutral” rating on shares of STUB in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.50.

STUB Price Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a market cap of $3.61 billion and a price-to-earnings ratio of -16.03. The business has a 50-day moving average of $10.57.

STUB (NYSE:STUB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts predict that STUB will post 0.56 earnings per share for the current year.

Insider Transactions at STUB

In other news, insider Mark Streams sold 28,531 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.02, for a total value of $371,473.62. Following the transaction, the insider owned 1,561,122 shares of the company’s stock, valued at $20,325,808.44. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of STUB stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total value of $39,228.00. Following the transaction, the insider directly owned 8,451,964 shares in the company, valued at approximately $118,412,015.64. The trade was a 0.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 413,647 shares of company stock valued at $4,401,046. Company insiders own 30.97% of the company’s stock.

Hedge Funds Weigh In On STUB

Large investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. purchased a new stake in shares of STUB during the first quarter worth about $34,000. Royal Bank of Canada lifted its holdings in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares in the last quarter. Lido Advisors LLC bought a new position in STUB in the 1st quarter worth approximately $69,000. Garner Asset Management Corp bought a new position in STUB in the 4th quarter worth approximately $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in STUB during the 4th quarter valued at approximately $143,000.

STUB Company Profile

Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.