STUB (NYSE:STUB) Given Underperform Rating at Bank of America

STUB (NYSE:STUB)‘s stock had its “underperform” rating reissued by research analysts at Bank of America in a research note issued to investors on Thursday,Benzinga reports. They presently have a $7.50 price objective on the stock, down from their previous price objective of $11.00. Bank of America‘s price objective suggests a potential downside of 11.56% from the stock’s previous close.

Several other analysts also recently weighed in on STUB. Craig Hallum downgraded shares of STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen raised shares of STUB from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. JPMorgan Chase & Co. lifted their price objective on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. Finally, Morgan Stanley upped their target price on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, STUB presently has an average rating of “Hold” and a consensus target price of $10.44.

STUB Price Performance

Shares of STUB stock opened at $8.48 on Thursday. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The firm has a market capitalization of $3.18 billion and a price-to-earnings ratio of -14.13. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $9.27.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that STUB will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other STUB news, insider Mark Streams sold 28,531 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the transaction, the insider directly owned 1,561,122 shares of the company’s stock, valued at approximately $20,325,808.44. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 54,801 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03. Following the sale, the insider directly owned 8,454,764 shares in the company, valued at $110,165,574.92. The trade was a 0.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 179,467 shares of company stock valued at $2,286,430. Insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STUB. CWM LLC raised its position in shares of STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of STUB during the 4th quarter valued at about $1,044,000. Garner Asset Management Corp purchased a new position in shares of STUB in the 4th quarter valued at about $92,000. International Assets Investment Management LLC purchased a new position in shares of STUB in the 4th quarter valued at about $149,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in STUB in the 4th quarter worth about $1,015,000.

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.