STUB (NYSE:STUB) Stock Rating Lowered by Wall Street Zen

STUB (NYSE:STUB) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently weighed in on the stock. Citigroup raised shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday. Craig Hallum started coverage on shares of STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 target price on the stock. Finally, Weiss Ratings assumed coverage on shares of STUB in a research report on Wednesday, January 14th. They set a “sell (d-)” rating for the company. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $12.50.

STUB Stock Up 9.4%

Shares of STUB stock opened at $9.32 on Friday. The firm has a market cap of $3.43 billion and a P/E ratio of -15.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.98. STUB has a 1-year low of $8.30 and a 1-year high of $27.89.

Institutional Trading of STUB

Institutional investors and hedge funds have recently modified their holdings of the business. Garner Asset Management Corp acquired a new stake in shares of STUB in the fourth quarter valued at approximately $92,000. The Manufacturers Life Insurance Company acquired a new position in shares of STUB in the fourth quarter valued at approximately $143,000. International Assets Investment Management LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $149,000. Cerity Partners LLC purchased a new position in shares of STUB during the fourth quarter valued at approximately $150,000. Finally, Engineers Gate Manager LP acquired a new stake in STUB during the fourth quarter worth approximately $161,000.

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.