STUB (NYSE:STUB) Reaches New 52-Week Low – Should You Sell?

STUB (NYSE:STUB)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.73 and last traded at $5.7530, with a volume of 4362259 shares traded. The stock had previously closed at $5.95.

Analyst Ratings Changes

Several equities analysts recently weighed in on STUB shares. UBS Group set a $7.50 price objective on shares of STUB in a report on Thursday, August 13th. Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $9.00 to $7.00 in a report on Friday, September 18th. Morgan Stanley lifted their target price on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Mizuho set a $11.00 price objective on STUB in a report on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, STUB presently has a consensus rating of “Hold” and a consensus price target of $10.33.

STUB Stock Performance

The stock’s fifty day moving average price is $7.38 and its two-hundred day moving average price is $8.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $2.03 billion and a P/E ratio of -0.92.

Insider Buying and Selling at STUB

In related news, insider Nayaab Islam sold 14,306 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $6.20, for a total value of $88,697.20. Following the sale, the insider owned 7,996,986 shares of the company’s stock, valued at $49,581,313.20. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Streams sold 135,589 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total value of $866,413.71. Following the completion of the sale, the insider directly owned 1,225,976 shares of the company’s stock, valued at approximately $7,833,986.64. The trade was a 9.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,153,218 shares of company stock worth $8,779,398. 30.97% of the stock is currently owned by company insiders.

Institutional Trading of STUB

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after buying an additional 4,214 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in STUB in the first quarter worth approximately $34,000. Lido Advisors LLC bought a new stake in STUB in the first quarter worth approximately $69,000. Rose Capital Advisors LLC acquired a new position in STUB in the second quarter valued at approximately $183,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of STUB during the 1st quarter worth approximately $164,000.

About STUB

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.