STUB (NYSE:STUB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of STUB (NYSE:STUB) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.50.

A number of analysts recently issued reports on the company. Citigroup initiated coverage on STUB in a research note on Tuesday, May 19th. They set a “buy” rating on the stock. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research note on Tuesday, May 19th. Morgan Stanley lifted their target price on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. UBS Group started coverage on STUB in a research report on Tuesday, May 19th. They set a “neutral” rating on the stock. Finally, Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th.

STUB Trading Up 3.6%

STUB stock opened at $10.67 on Wednesday. The firm has a 50 day simple moving average of $10.49. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The stock has a market cap of $4.01 billion and a price-to-earnings ratio of -17.79.

STUB (NYSE:STUB) last posted its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that STUB will post 0.56 EPS for the current year.

Insider Activity at STUB

In other STUB news, insider Nayaab Islam sold 54,801 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.03, for a total value of $714,057.03. Following the sale, the insider directly owned 8,454,764 shares in the company, valued at $110,165,574.92. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 232,567 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 413,647 shares of company stock valued at $4,401,046. 30.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STUB. Stephens Group LLC boosted its stake in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after buying an additional 673,715 shares during the period. Bank of America Corp DE increased its stake in STUB by 396.1% in the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after acquiring an additional 457,321 shares during the last quarter. Pine Ridge Advisers LLC purchased a new stake in shares of STUB in the 1st quarter valued at about $4,117,000. Royal Bank of Canada boosted its position in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares during the last quarter. Finally, Rokos Capital Management LLP grew 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 purchasing an additional 616,892 shares in the last quarter.

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.