STUB (NYSE:STUB) Given Consensus Rating of “Hold” by Analysts

STUB (NYSE:STUB) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.75.

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Oppenheimer reduced their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Guggenheim decreased their target price on STUB from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Wall Street Zen raised shares of STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th.

STUB Stock Up 0.1%

Shares of STUB opened at $6.42 on Monday. STUB has a twelve month low of $6.39 and a twelve month high of $27.89. The company has a market capitalization of $2.29 billion and a P/E ratio of -9.72. The firm’s 50 day moving average price is $9.95. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27.

STUB (NYSE:STUB) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The company had revenue of $449.17 million during the quarter. STUB’s quarterly revenue was down 15.8% compared to the same quarter last year.

Insiders Place Their Bets

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares in the company, valued at approximately $597,181.26. The trade was a 26.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of STUB

Large investors have recently modified their holdings of the company. CWM LLC increased its position in STUB by 56,638.1% during the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after acquiring an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of STUB during the 4th quarter valued at about $1,044,000. Garner Asset Management Corp bought a new stake in shares of STUB during the 4th quarter valued at about $92,000. International Assets Investment Management LLC purchased a new stake in shares of STUB during the 4th quarter valued at about $149,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of STUB during the 4th quarter valued at about $1,015,000.

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.