STUB (NYSE:STUB) Given New $7.50 Price Target at Guggenheim

STUB (NYSE:STUB) had its target price trimmed by Guggenheim from $9.00 to $7.50 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on STUB. Weiss Ratings began coverage on STUB in a research report on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. Wedbush reaffirmed a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price objective (down from $22.00) on shares of STUB in a research report on Thursday, March 5th. Oppenheimer cut their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen raised shares of STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, STUB presently has an average rating of “Hold” and a consensus price target of $10.75.

STUB Trading Up 3.9%

Shares of STUB stock opened at $6.85 on Wednesday. STUB has a 12 month low of $6.56 and a 12 month high of $27.89. The stock has a market capitalization of $2.44 billion and a PE ratio of -10.37. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. The firm’s 50 day simple moving average is $10.21.

STUB (NYSE:STUB) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The firm had revenue of $449.17 million for the quarter. The business’s revenue was down 15.8% on a year-over-year basis.

Insider Buying and Selling

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the sale, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. This trade represents a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of STUB

Several institutional investors have recently made changes to their positions in STUB. Garner Asset Management Corp purchased a new position in STUB in the 4th quarter worth approximately $92,000. The Manufacturers Life Insurance Company bought a new stake in shares of STUB during the fourth quarter valued at approximately $143,000. International Assets Investment Management LLC bought a new stake in shares of STUB during the fourth quarter valued at approximately $149,000. Cerity Partners LLC purchased a new position in shares of STUB in the fourth quarter worth $150,000. Finally, Engineers Gate Manager LP purchased a new position in shares of STUB in the fourth quarter worth $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.