STUB (NYSE:STUB – Get Free Report) had its target price boosted by stock analysts at Morgan Stanley from $8.25 to $8.75 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 16.40% from the stock’s previous close.
A number of other research firms have also recently weighed in on STUB. Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Oppenheimer lowered their price target on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Craig Hallum began coverage on shares of STUB in a report on Thursday, January 29th. They issued a “hold” rating and a $12.00 price target on the stock. Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, STUB has an average rating of “Hold” and a consensus target price of $10.46.
Check Out Our Latest Research Report on STUB
STUB Stock Performance
STUB (NYSE:STUB – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that STUB will post 0.34 EPS for the current year.
Insider Activity at STUB
In related news, insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 31,619 shares of company stock valued at $240,178.
Hedge Funds Weigh In On STUB
Several hedge funds and other institutional investors have recently modified their holdings of STUB. CWM LLC raised its position in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after purchasing an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of STUB in the 4th quarter valued at approximately $1,044,000. Garner Asset Management Corp purchased a new position in shares of STUB in the 4th quarter valued at approximately $92,000. International Assets Investment Management LLC purchased a new position in shares of STUB in the 4th quarter valued at approximately $149,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of STUB in the 4th quarter valued at approximately $1,015,000.
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.
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