STUB (NYSE:STUB) Stock Price Target Cut by TD Cowen

STUB (NYSE:STUB) had its price target reduced by equities research analysts at TD Cowen from $12.00 to $10.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen‘s target price suggests a potential upside of 88.43% from the stock’s current price.

Several other analysts have also weighed in on STUB. Oppenheimer decreased their price target on STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Bank of America downgraded STUB from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $11.00 to $7.50 in a research report on Thursday, August 13th. Zacks Research lowered shares of STUB from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 10th. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings cut shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.75.

STUB Trading Up 5.1%

STUB stock traded up $0.26 during midday trading on Friday, reaching $5.31. 8,380,859 shares of the company traded hands, compared to its average volume of 6,118,248. STUB has a 52-week low of $5.03 and a 52-week high of $16.63. 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 business has a 50 day moving average of $5.81 and a 200-day moving average of $8.12. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -3.69, a P/E/G ratio of 0.63 and a beta of 3.44.

STUB (NYSE:STUB) last posted its quarterly earnings data on Tuesday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $501.95 million during the quarter. STUB had a negative net margin of 25.29% and a positive return on equity of 1.91%. STUB’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned ($4.27) earnings per share. As a group, sell-side analysts expect that STUB will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other STUB news, insider Mark Streams sold 135,589 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the completion of the transaction, the insider owned 1,225,976 shares in the company, valued at $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nayaab Islam sold 14,306 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 991,338 shares of company stock valued at $6,692,030. 30.97% of the stock is owned by insiders.

Institutional Investors Weigh In On STUB

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rokos Capital Management LLP grew its position in STUB by 40.4% in the 1st quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock valued at $13,375,000 after acquiring an additional 616,892 shares during the last quarter. Stephens Group LLC increased its stake in STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after purchasing an additional 673,715 shares during the period. Pine Ridge Advisers LLC purchased a new stake in STUB in the first quarter worth $4,117,000. Sequoia Financial Advisors LLC purchased a new stake in STUB in the second quarter worth $7,953,000. Finally, Bank of America Corp DE lifted its position in shares of STUB by 396.1% during the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after purchasing an additional 457,321 shares during the last quarter.

About STUB

StubHub Holdings, Inc. operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale. The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.