STUB (NYSE:STUB) Stock Falls 5.1% – What’s Next?

STUB (NYSE:STUB)’s stock price dropped 5.1% on Monday. The stock traded as low as $5.83 and last traded at $5.8250. Approximately 1,694,671 shares were traded during trading, a decline of 69% from the average session volume of 5,520,945 shares. The stock had previously closed at $6.14.

Analyst Ratings Changes

A number of brokerages recently issued reports on STUB. Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Evercore set a $14.00 target price on shares of STUB in a research note on Thursday, August 13th. Mizuho set a $11.00 target price on shares of STUB in a report on Friday, August 14th. Oppenheimer dropped their price target on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, TD Cowen cut their price target on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, STUB has a consensus rating of “Hold” and a consensus price target of $10.17.

STUB Stock Performance

The firm has a 50 day moving average price of $5.90 and a 200 day moving average price of $8.34. The stock has a market cap of $2.21 billion, a PE ratio of -1.01, a price-to-earnings-growth ratio of 0.65 and a beta of 3.44. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86.

STUB (NYSE:STUB) last posted its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). STUB had a negative net margin of 93.54% and a negative return on equity of 9.50%. The company had revenue of $573.07 million during the quarter. As a group, research analysts forecast that STUB will post 0.35 earnings per share for the current year.

Insider Activity

In other news, insider Mark Streams sold 135,589 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total transaction of $866,413.71. Following the transaction, the insider owned 1,225,976 shares in the company, valued at $7,833,986.64. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nayaab Islam sold 14,306 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $6.20, for a total transaction of $88,697.20. Following the completion of the transaction, the insider directly owned 7,996,986 shares of the company’s stock, valued at $49,581,313.20. The trade was a 0.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 991,338 shares of company stock valued at $6,692,030. Corporate insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its stake in shares of STUB by 135.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company’s stock worth $27,000 after buying an additional 2,738 shares during the period. Pittenger & Anderson Inc. acquired a new position in shares of STUB in the 1st quarter valued at $34,000. Royal Bank of Canada raised its stake in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares during the last quarter. Sterling Capital Management LLC raised its stake in STUB by 848.2% in the 3rd quarter. Sterling Capital Management LLC now owns 7,434 shares of the company’s stock worth $41,000 after acquiring an additional 6,650 shares during the last quarter. Finally, State of Wyoming lifted its position in STUB by 328.8% during the 3rd quarter. State of Wyoming now owns 8,371 shares of the company’s stock worth $47,000 after acquiring an additional 6,419 shares during the period.

STUB Company Profile

StubHub Holdings, Inc operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale.

The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.

StubHub was co-founded by Eric Baker, who has served as the company’s chief executive.