Oppenheimer Issues Pessimistic Forecast for STUB (NYSE:STUB) Stock Price

STUB (NYSE:STUB) had its target price lowered by equities researchers at Oppenheimer from $20.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 34.68% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Wedbush reiterated a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research note on Thursday. Wall Street Zen downgraded STUB from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings began coverage on STUB in a research note on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.00 target price (down from $22.00) on shares of STUB in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.40.

STUB Stock Down 12.4%

Shares of NYSE STUB traded down $1.26 during midday trading on Thursday, reaching $8.91. The stock had a trading volume of 10,976,132 shares, compared to its average volume of 3,602,938. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.14. STUB has a twelve month low of $8.06 and a twelve month high of $27.89. The company has a market capitalization of $3.28 billion and a P/E ratio of -14.85.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.55). The company had revenue of $449.17 million for the quarter. The business’s quarterly revenue was down 15.8% compared to the same quarter last year.

Institutional Trading of STUB

Hedge funds have recently added to or reduced their stakes in the stock. Garner Asset Management Corp bought a new position in shares of STUB during the 4th quarter valued at approximately $92,000. The Manufacturers Life Insurance Company purchased a new position in STUB in the fourth quarter valued at approximately $143,000. International Assets Investment Management LLC purchased a new position in STUB in the fourth quarter valued at approximately $149,000. Cerity Partners LLC bought a new position in STUB during the fourth quarter valued at $150,000. Finally, Engineers Gate Manager LP bought a new position in STUB during the fourth quarter valued at $161,000.

STUB News Summary

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Balance-sheet and institutional support: cash & equivalents rose to about $1.24B (up ~24% YoY) and several large institutional investors added shares in Q4 — positives for liquidity and potential long-term holder support. Quiver Quant: STUB Q4 coverage
• Neutral Sentiment: Analyst ratings held but targets cut: Wedbush and JPMorgan reaffirmed neutral/overweight-style stances but trimmed price targets to $10 (from $18 and $22), which reduces upside expectations even as coverage remains. Benzinga: Analysts cut forecasts
• Negative Sentiment: Big Q4 miss and GAAP loss: reported EPS of -$1.56 vs. consensus around -$0.01 and revenue $449.2M (down ~15.8% YoY and below estimates). The quarter included a roughly $493M nonrecurring tax provision that drove a large headline loss, damaging near‑term sentiment. MarketBeat: STUB earnings report
• Negative Sentiment: Analysts and forecasts turned more cautious: several firms trimmed estimates and targets after the Q4 results, amplifying downside pressure as sell‑side expectations fall. Benzinga: Analysts cut forecasts
• Negative Sentiment: Market reaction and technical pressure: heavy put buying was observed and the stock extended to record lows as sellers dominated after the print. Schaeffers: STUB hits record lows
• Negative Sentiment: Operating cash flow and profitability signals weakened: cash from operations fell sharply year-over-year and operating loss widened, raising concerns about near-term free cash flow generation. Quiver Quant: Financials detail

STUB Company Profile

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.