STUB (NYSE:STUB) Stock Price Down 9.5% – What’s Next?

Shares of STUB (NYSE:STUBGet Free Report) dropped 9.5% during trading on Monday . The stock traded as low as $7.38 and last traded at $7.3120. 1,114,913 shares were traded during mid-day trading, a decline of 79% from the average session volume of 5,352,668 shares. The stock had previously closed at $8.08.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STUB shares. Citigroup restated a “neutral” rating on shares of STUB in a research note on Wednesday, July 15th. Bank of America reiterated an “underperform” rating and issued a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Oppenheimer dropped their price objective on STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Morgan Stanley raised their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Finally, Mizuho set a $11.00 target price on STUB in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, STUB presently has a consensus rating of “Hold” and an average price target of $10.73.

View Our Latest Stock Report on STUB

STUB Trading Down 0.4%

The company has a market capitalization of $2.66 billion and a price-to-earnings ratio of -1.24. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The company’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $9.08.

Insider Buying and Selling at STUB

In related news, insider Mark Streams sold 28,531 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62. Following the transaction, the insider directly owned 1,561,122 shares of the company’s stock, valued at $20,325,808.44. This represents a 1.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total value of $39,228.00. Following the completion of the sale, the insider owned 8,451,964 shares of the company’s stock, valued at approximately $118,412,015.64. This trade represents a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 179,467 shares of company stock valued at $2,286,430. Company insiders own 30.97% of the company’s stock.

Hedge Funds Weigh In On STUB

Several hedge funds have recently modified their holdings of STUB. Pittenger & Anderson Inc. acquired a new stake in STUB in the 1st quarter worth approximately $34,000. Royal Bank of Canada increased its stake in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares in the last quarter. Garner Asset Management Corp purchased a new position in shares of STUB in the fourth quarter worth $92,000. The Manufacturers Life Insurance Company purchased a new position in shares of STUB in the fourth quarter worth $143,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of STUB during the fourth quarter worth $149,000.

About STUB

(Get Free Report)

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.

Further Reading

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