STUB (NYSE:STUB – Get Free Report) posted its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06), FiscalAI reports. The business had revenue of $501.95 million during the quarter. STUB had a negative net margin of 93.54% and a negative return on equity of 9.50%.
STUB Stock Down 3.7%
NYSE STUB traded down $0.21 on Tuesday, reaching $5.63. The stock had a trading volume of 10,495,790 shares, compared to its average volume of 5,566,207. The business has a 50 day moving average price of $5.88 and a 200 day moving average price of $8.30. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a 1 year low of $5.22 and a 1 year high of $19.86. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -0.98, a P/E/G ratio of 0.69 and a beta of 3.44.
Insider Buying and Selling at STUB
In other news, insider Mark Streams sold 150,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $6.76, for a total value of $1,014,000.00. Following the sale, the insider directly owned 1,404,222 shares of the company’s stock, valued at approximately $9,492,540.72. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Constance P. James sold 116,644 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $7.06, for a total value of $823,506.64. Following the transaction, the chief financial officer directly owned 349,934 shares of the company’s stock, valued at $2,470,534.04. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 991,338 shares of company stock worth $6,692,030 in the last ninety days. Insiders own 30.97% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Rokos Capital Management LLP increased its position in STUB by 40.4% during the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after acquiring an additional 616,892 shares during the period. Stephens Group LLC boosted its holdings in STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after purchasing an additional 673,715 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in STUB in the 2nd quarter worth $7,953,000. Comprehensive Financial Management LLC grew its position in STUB by 13.6% in the 2nd quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company’s stock worth $5,026,000 after purchasing an additional 46,808 shares during the last quarter. Finally, Pine Ridge Advisers LLC bought a new position in shares of STUB during the 1st quarter worth about $4,117,000.
Analyst Upgrades and Downgrades
STUB has been the topic of a number of research reports. Bank of America downgraded shares of STUB from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $11.00 to $7.50 in a report on Thursday, August 13th. Oppenheimer reduced their target price on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. UBS Group set a $7.50 price target on shares of STUB in a research report on Thursday, August 13th. Guggenheim decreased their price target on shares of STUB from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Finally, Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.17.
STUB Company Profile
StubHub Holdings, Inc. operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale. The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.
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