STUB (NYSE:STUB) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of STUB (NYSE:STUB) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other research analysts also recently issued reports about the company. Morgan Stanley raised their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. UBS Group set a $7.50 target price on STUB in a research report on Thursday. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Guggenheim dropped their price target on shares of STUB from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.73.

STUB Trading Up 4.5%

Shares of NYSE:STUB opened at $8.02 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.01 billion and a PE ratio of -1.40. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a fifty day moving average price of $10.35 and a 200 day moving average price of $9.21.

STUB (NYSE:STUB) last posted 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 company had revenue of $446.05 million for the quarter. STUB had a negative return on equity of 9.73% and a negative net margin of 93.54%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts expect that STUB will post 0.38 EPS for the current fiscal year.

Insider Activity at STUB

In other news, insider Nayaab Islam sold 2,800 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total value of $39,228.00. Following the completion of the sale, the insider directly owned 8,451,964 shares of the company’s stock, valued at approximately $118,412,015.64. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62. Following the completion of the sale, the insider owned 1,561,122 shares in the company, valued at approximately $20,325,808.44. The trade was a 1.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 179,467 shares of company stock valued at $2,286,430 over the last three months. 30.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On STUB

A number of institutional investors have recently added to or reduced their stakes in STUB. WestCap Management LLC bought a new stake in shares of STUB during the fourth quarter valued at approximately $429,370,000. Capital Research Global Investors bought a new position in STUB during the fourth quarter worth about $106,887,000. Index Venture Associates III Ltd bought a new position in STUB during the fourth quarter worth about $85,192,000. PointState Capital LP boosted its holdings in STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors acquired a new stake in STUB during the fourth quarter valued at approximately $55,235,000.

STUB News Summary

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Second-quarter revenue reached approximately $573 million, above analysts’ $532 million estimate, while gross merchandise sales benefited from strong World Cup ticket demand. The sales performance suggests continued customer demand and operating scale potential. StubHub’s Q2 Gross Merchandise Sales Beat Driven by World Cup, BofA Securities Says
• Positive Sentiment: Evercore ISI analyst Mark Mahaney maintained a Buy rating, citing StubHub’s asset-light model, execution potential and valuation after the selloff. Mark Mahaney Initiates StubHub With Buy Rating
• Neutral Sentiment: The earnings call and market commentary indicate that the World Cup created a major temporary sales boost, but investors remain uncertain whether StubHub can sustain growth and improve margins after the event. StubHub’s World Cup boom masks tougher road ahead
• Negative Sentiment: StubHub reported roughly breakeven earnings per share, missing the $0.09 consensus estimate despite the revenue beat. Costs outpaced revenue growth, erasing the expected profit boom and raising concerns about persistent profitability problems. StubHub Stock Sinks After Ticket Reseller Fails to Post Profit
• Negative Sentiment: A World Cup ticketing partnership reportedly left some customers unable to access stadiums, triggering negative publicity, litigation and potential reputational damage. StubHub tanks as World Cup ticket fiasco wipes out profit boom
• Negative Sentiment: Bank of America reaffirmed its Underperform rating and reduced its price target to $7.50 from $11, citing profitability challenges, rising costs and regulatory uncertainty. StubHub’s Post-IPO Hangover Deepens
• Negative Sentiment: Block & Leviton announced an investigation into potential securities-law violations, adding another source of legal uncertainty for shareholders. StubHub Securities Law Investigation

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.