STUB (NYSE:STUB) Trading Up 6.3% – Should You Buy?

STUB (NYSE:STUB)’s share price traded up 6.3% during trading on Friday . The stock traded as high as $9.19 and last traded at $9.06. 1,389,132 shares were traded during trading, a decline of 60% from the average session volume of 3,447,462 shares. The stock had previously closed at $8.52.

Analyst Ratings Changes

Several brokerages have issued reports on STUB. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a report on Wednesday. Weiss Ratings began coverage on STUB in a report on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. Craig Hallum initiated coverage on STUB in a research note on Thursday, January 29th. They set a “hold” rating and a $12.00 target price for the company. Finally, Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $12.50.

STUB Stock Performance

The firm has a market capitalization of $3.43 billion and a PE ratio of -15.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On STUB

Several large investors have recently made changes to their positions in STUB. WestCap Management LLC acquired a new position in STUB during the fourth quarter worth $429,370,000. Capital Research Global Investors bought a new position in shares of STUB in the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd bought a new position in shares of STUB in the 4th quarter valued at about $85,192,000. PointState Capital LP increased its stake in shares of STUB by 19.9% during the 4th 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 during the last quarter. Finally, Capital International Investors acquired a new position in shares of STUB during the 4th quarter worth about $55,235,000.

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.