STUB (NYSE:STUB) Hits New 52-Week Low – Here’s What Happened

STUB (NYSE:STUB)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $5.73 and last traded at $5.7530, with a volume of 4362259 shares changing hands. The stock had previously closed at $5.95.

Analyst Ratings Changes

A number of equities analysts recently commented on STUB shares. Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Morgan Stanley lifted their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $9.00 to $7.00 in a report on Friday. Finally, Mizuho set a $11.00 target price on STUB in a research note on Friday, August 14th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.33.

STUB Price Performance

The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of -1.00. 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 company’s 50 day moving average is $7.56 and its 200 day moving average is $8.43.

Insider Transactions at STUB

In other news, insider Scott Michael Fitzgerald sold 84,970 shares of STUB stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total transaction of $601,587.60. Following the sale, the insider owned 110,383 shares in the company, valued at approximately $781,511.64. The trade was a 43.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Streams sold 135,589 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total value of $866,413.71. Following the transaction, the insider owned 1,225,976 shares in the company, valued at $7,833,986.64. This represents a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,138,912 shares of company stock worth $8,690,701. Corporate insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Several institutional investors and hedge funds have recently bought and sold shares of STUB. Sequoia Financial Advisors LLC purchased a new stake in shares of STUB in the second quarter valued at about $7,953,000. WINTON GROUP Ltd grew its holdings in shares of STUB by 194.6% during the second quarter. WINTON GROUP Ltd now owns 43,600 shares of the company’s stock worth $561,000 after buying an additional 28,800 shares during the last quarter. Rose Capital Advisors LLC acquired a new position in STUB in the 2nd quarter valued at about $183,000. Comprehensive Financial Management LLC increased its position in STUB by 13.6% in the 2nd quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company’s stock valued at $5,026,000 after acquiring an additional 46,808 shares during the period. Finally, Stephens Group LLC raised its stake in STUB by 193.2% during the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after acquiring an additional 673,715 shares during the last quarter.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.