Wall Street Zen Upgrades STUB (NYSE:STUB) to Hold

STUB (NYSE:STUB) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts also recently issued reports on STUB. Craig Hallum started coverage on shares of STUB in a research note on Thursday, January 29th. They issued a “hold” rating and a $12.00 price objective for the company. Citigroup started coverage on STUB in a report on Tuesday, January 20th. They issued a “sell” rating and a $13.00 target price for the company. Finally, Weiss Ratings started coverage on STUB in a research note on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus price target of $12.50.

STUB Trading Down 2.4%

Shares of STUB stock opened at $9.91 on Friday. STUB has a 52 week low of $9.56 and a 52 week high of $27.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $3.64 billion and a price-to-earnings ratio of -16.52.

Hedge Funds Weigh In On STUB

Several institutional investors have recently bought and sold shares of STUB. Garner Asset Management Corp purchased a new position in STUB during the 4th quarter worth $92,000. International Assets Investment Management LLC purchased a new stake in shares of STUB in the fourth quarter valued at about $149,000. Cornerstone Wealth Management LLC increased its stake in shares of STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after acquiring an additional 6,070 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in STUB during the fourth quarter worth about $1,015,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in STUB in the fourth quarter valued at about $1,044,000.

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.