STUB (NYSE:STUB) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

STUB (NYSE:STUB)’s share price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $5.93 and traded as high as $6.10. STUB shares last traded at $5.9640, with a volume of 7,976,715 shares.

Analyst Ratings Changes

STUB has been the topic of several recent research reports. Mizuho set a $11.00 target price on STUB in a research report on Friday, August 14th. Weiss Ratings lowered STUB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. Guggenheim decreased their price objective on STUB from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Bank of America downgraded STUB from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $11.00 to $7.50 in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.17.

STUB Price Performance

The stock’s 50-day moving average is $5.93 and its 200 day moving average is $8.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.28 billion and a PE ratio of -1.04.

STUB (NYSE:STUB) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $573.07 million during the quarter. STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. On average, equities analysts anticipate that STUB will post 0.35 earnings per share for the current fiscal year.

Insider Transactions at STUB

In related news, insider Mark Streams sold 135,589 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 1,225,976 shares of the company’s stock, valued at $7,833,986.64. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nayaab Islam sold 14,306 shares of STUB stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $6.20, for a total transaction of $88,697.20. Following the completion of the sale, the insider owned 7,996,986 shares of the company’s stock, valued at $49,581,313.20. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 991,338 shares of company stock worth $6,692,030 in the last 90 days. Insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new position in shares of STUB in the 3rd quarter valued at $266,000. State of Wyoming raised its stake in STUB by 328.8% in the 3rd quarter. State of Wyoming now owns 8,371 shares of the company’s stock worth $47,000 after acquiring an additional 6,419 shares during the last quarter. International Assets Investment Management LLC lifted its position in STUB by 598.7% during the 3rd quarter. International Assets Investment Management LLC now owns 80,000 shares of the company’s stock worth $446,000 after acquiring an additional 68,550 shares during the period. Oppenheimer & Co. Inc. lifted its position in STUB by 46.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 505,160 shares of the company’s stock worth $2,819,000 after acquiring an additional 160,333 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in STUB during the 3rd quarter worth about $100,000.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects buyers and sellers of tickets for sporting events, concerts, theater productions and other entertainment experiences.

The company provides digital tools that support ticket discovery, listing, purchasing and delivery, including mobile and online services. StubHub serves customers across multiple international markets and offers access to events in a range of geographic regions.

StubHub was founded in 2000 and was acquired by eBay in 2007 before being sold to viagogo in 2020.