STUB (NYSE:STUB – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $5.07 and last traded at $5.4640, with a volume of 1,751,781 shares trading hands. The stock had previously closed at $5.65.
The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The firm had revenue of $501.95 million during the quarter. STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned ($4.27) EPS.
STUB News Roundup
Here’s some of the latest news about STUB:
- Positive Sentiment: StubHub raised its full-year gross merchandise sales growth forecast to 11%–13%. Third-quarter sales and marketing costs also fell by 9 percentage points as a share of revenue, to 45%, signaling improved expense discipline. StubHub: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: The company announced a CFO transition, with the succession effective January 2027. StubHub Announces Chief Financial Officer Transition
- Negative Sentiment: Third-quarter adjusted earnings were $0.05 per share, below the $0.11 analyst consensus. Revenue of $501.95 million also missed estimates of about $524 million, despite growing 7.2% year over year. The earnings shortfall is weighing on the shares even as the company raised its GMS outlook. StubHub falls on earnings miss despite raising GMS outlook
Wall Street Analyst Weigh In
A number of research firms recently weighed in on STUB. TD Cowen dropped their price target on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 21st. Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and cut their price objective for the company from $9.00 to $7.00 in a research report on Friday, September 18th. Bank of America lowered STUB from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $11.00 to $7.50 in a research note on Thursday, August 13th. Oppenheimer decreased their target price on STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Finally, Mizuho set a $11.00 target price on STUB in a research note on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.17.
Check Out Our Latest Stock Report on STUB
Insider Activity at STUB
In other STUB news, insider Scott Michael Fitzgerald sold 84,970 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the transaction, the insider directly owned 110,383 shares in the company, valued at approximately $781,511.64. This represents a 43.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nayaab Islam sold 219,736 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $6.78, for a total transaction of $1,489,810.08. Following the completion of the transaction, the insider directly owned 8,232,228 shares in the company, valued at approximately $55,814,505.84. The trade was a 2.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 991,338 shares of company stock valued at $6,692,030. Insiders own 30.97% of the company’s stock.
Institutional Investors Weigh In On STUB
Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in STUB by 135.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company’s stock valued at $27,000 after acquiring an additional 2,738 shares during the period. Royal Bank of Canada increased its holdings in shares of STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares in the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of STUB by 9.3% in the third quarter. Joel Isaacson & Co. LLC now owns 58,500 shares of the company’s stock worth $326,000 after acquiring an additional 5,000 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of STUB during the third quarter worth about $33,000. Finally, State of Wyoming raised its position in shares of STUB by 328.8% during the third quarter. State of Wyoming now owns 8,371 shares of the company’s stock worth $47,000 after purchasing an additional 6,419 shares during the period.
STUB Stock Performance
The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -0.97, a price-to-earnings-growth ratio of 0.61 and a beta of 3.44. The stock has a 50-day moving average price of $5.87 and a 200 day moving average price of $8.25.
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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