STUB (NYSE:STUB – Get Free Report) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.75.
STUB has been the topic of several research analyst reports. Guggenheim upped their price objective on STUB from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer dropped their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. JPMorgan Chase & Co. upped their price objective on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded STUB from a “hold” rating to a “buy” rating in a report on Saturday.
View Our Latest Stock Report on STUB
STUB Stock Performance
STUB (NYSE:STUB – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that STUB will post 0.49 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the sale, the insider owned 1,114,001 shares in the company, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the sale, the insider owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. This represents a 26.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 264,186 shares of company stock valued at $2,342,584.
Institutional Investors Weigh In On STUB
Institutional investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. bought a new stake in shares of STUB in the first quarter valued at approximately $34,000. Royal Bank of Canada raised its holdings in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new position in STUB in the 1st quarter valued at $69,000. Garner Asset Management Corp acquired a new position in STUB in the 4th quarter valued at $92,000. Finally, The Manufacturers Life Insurance Company acquired a new position in STUB in the 4th quarter valued at $143,000.
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.
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