STUB (NYSE:STUB) Stock Price Up 4.7% – Still a Buy?

STUB (NYSE:STUB) shot up 4.7% on Friday. The company traded as high as $5.33 and last traded at $5.2850. 833,111 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 5,605,927 shares. The stock had previously closed at $5.05.

Analysts Set New Price Targets

A number of brokerages have issued reports on STUB. Mizuho set a $11.00 price target on STUB in a research report on Friday, August 14th. Zacks Research downgraded STUB from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Evercore set a $14.00 target price on STUB in a research report on Thursday, August 13th. Guggenheim dropped their price target on shares of STUB from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, TD Cowen cut their price target on shares of STUB from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.75.

STUB Stock Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average is $5.83 and its two-hundred day moving average is $8.16. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -3.80, a P/E/G ratio of 0.63 and a beta of 3.44.

STUB (NYSE:STUB) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). STUB had a negative net margin of 25.29% and a positive return on equity of 1.91%. The company had revenue of $501.95 million during the quarter. During the same quarter in the previous year, the company earned ($4.27) earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that STUB will post 0.32 earnings per share for the current year.

Insider Transactions at STUB

In other news, insider Nayaab Islam sold 219,736 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total value of $1,489,810.08. Following the transaction, the insider owned 8,232,228 shares in the company, valued at $55,814,505.84. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Constance P. James sold 116,644 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total value of $823,506.64. Following the completion of the transaction, the chief financial officer owned 349,934 shares in the company, valued at $2,470,534.04. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 991,338 shares of company stock worth $6,692,030 over the last three months. 30.97% of the stock is owned by insiders.

Institutional Investors Weigh In On STUB

A number of large investors have recently modified their holdings of the business. Stephens Group LLC boosted its position in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after acquiring an additional 673,715 shares during the last quarter. Pine Ridge Advisers LLC acquired a new stake in STUB in the 1st quarter valued at about $4,117,000. Sequoia Financial Advisors LLC acquired a new stake in STUB in the 2nd quarter valued at about $7,953,000. Rokos Capital Management LLP lifted its stake in STUB by 40.4% in the 1st 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. Finally, Bank of America Corp DE lifted 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 purchasing an additional 457,321 shares in the last quarter.

About STUB

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.