STUB (NYSE:STUB) Receives Average Rating of “Hold” from Brokerages

Shares of STUB (NYSE:STUB) have been given an average rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $10.75.

Several research analysts have commented on the stock. Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 18th. Guggenheim boosted their price objective on shares of STUB from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Friday. Craig Hallum assumed coverage on shares of STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 price objective for the company. Oppenheimer lowered their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of STUB from a “hold” rating to a “buy” rating in a research report on Saturday.

STUB Price Performance

Shares of NYSE STUB opened at $9.33 on Tuesday. The firm has a market cap of $3.33 billion and a PE ratio of -14.13. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a fifty day moving average of $7.15. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts expect that STUB will post 0.49 EPS for the current year.

Insider Buying and Selling at STUB

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the transaction, the insider directly owned 77,961 shares in the company, valued at approximately $597,181.26. This represents a 26.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Streams sold 232,567 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the transaction, the insider owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. This trade represents a 17.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 264,186 shares of company stock valued at $2,342,584 over the last quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pine Ridge Advisers LLC acquired a new position in shares of STUB during the first quarter worth $4,117,000. Royal Bank of Canada increased its holdings in shares of 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 in the last quarter. Rokos Capital Management LLP increased its holdings in shares of STUB by 40.4% during the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after buying an additional 616,892 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of STUB by 481.5% during the first quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company’s stock worth $383,000 after buying an additional 50,784 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of STUB during the first quarter worth $2,397,000.

About STUB

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.