STUB (NYSE:STUB) Receives Average Recommendation of “Hold” from Analysts

Shares of STUB (NYSE:STUB) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $11.50.

Several equities analysts recently commented on STUB shares. Guggenheim restated a “buy” rating on shares of STUB in a research report on Friday, June 12th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Morgan Stanley upped their price target on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Finally, HSBC raised STUB to a “buy” rating in a report on Tuesday, May 19th.

STUB Stock Performance

STUB stock opened at $8.45 on Friday. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $3.17 billion and a price-to-earnings ratio of -14.08. The business has a 50-day simple moving average of $10.56.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Research analysts forecast that STUB will post 0.56 earnings per share for the current year.

Insider Transactions at STUB

In other STUB news, insider Nayaab Islam sold 2,800 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total value of $39,228.00. Following the transaction, the insider directly owned 8,451,964 shares in the company, valued at $118,412,015.64. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 28,531 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62. Following the sale, the insider directly owned 1,561,122 shares in the company, valued at $20,325,808.44. This represents a 1.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 413,647 shares of company stock valued at $4,401,046 in the last quarter. 30.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of STUB. CWM LLC boosted its holdings in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in STUB during the 4th quarter worth approximately $1,044,000. Garner Asset Management Corp acquired a new stake in STUB during the 4th quarter valued at $92,000. International Assets Investment Management LLC bought a new position in STUB in the 4th quarter valued at $149,000. Finally, Baader Bank Aktiengesellschaft bought a new position in STUB in the 4th quarter valued at $1,015,000.

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.