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

STUB (NYSE:STUB) has earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.75.

A number of analysts have recently issued reports on STUB shares. Wedbush restated a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Guggenheim lowered their price target on STUB from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Craig Hallum started coverage on STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 price target on the stock. Wall Street Zen raised shares of STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.00 price objective (down from $22.00) on shares of STUB in a research note on Thursday, March 5th.

Insider Activity 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 value of $217,444.42. Following the transaction, the insider directly owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. This represents a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On STUB

Institutional investors have recently made changes to their positions in the company. WestCap Management LLC bought a new position in STUB during the fourth quarter valued at approximately $429,370,000. PointState Capital LP boosted its holdings in STUB by 19.9% in the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of STUB during the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd acquired a new position in shares of STUB during the 4th quarter valued at about $85,192,000. Finally, Capital International Investors bought a new position in shares of STUB in the 4th quarter valued at approximately $55,235,000.

STUB Trading Up 0.3%

NYSE STUB opened at $6.46 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. STUB has a 1 year low of $5.85 and a 1 year high of $27.89. The firm has a market cap of $2.30 billion and a P/E ratio of -9.78. The business’s 50-day moving average is $9.07.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, March 4th. The company reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The business had revenue of $449.17 million for the quarter. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis.

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.