STUB (NYSE:STUB) Stock Price Target Lowered at JPMorgan Chase & Co.

STUB (NYSE:STUB – Get Free Report) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $11.00 to $8.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 44.27% from the stock’s current price.

STUB has been the topic of a number of other reports. Evercore set a $14.00 price target on STUB in a report on Thursday, August 13th. UBS Group set a $7.50 price objective on shares of STUB in a research note on Thursday, August 13th. Bank of America downgraded shares of STUB from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $11.00 to $7.50 in a research report on Thursday, August 13th. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings cut shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.92.

Check Out Our Latest Stock Report on STUB

STUB Trading Down 1.9%

Shares of NYSE:STUB traded down $0.10 during midday trading on Wednesday, reaching $5.54. The company’s stock had a trading volume of 4,945,693 shares, compared to its average volume of 5,560,372. STUB has a fifty-two week low of $5.07 and a fifty-two week high of $19.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day moving average price of $5.87 and a two-hundred day moving average price of $8.25. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of -0.97, a PEG ratio of 0.61 and a beta of 3.44.

STUB (NYSE:STUB – Get Free Report) last released its earnings results on Tuesday, November 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $501.95 million for the quarter. STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. STUB’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($4.27) earnings per share. As a group, analysts forecast that STUB will post 0.35 earnings per share for the current year.

Insider Transactions at STUB

In other STUB news, CFO Constance P. James sold 116,644 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total transaction of $823,506.64. Following the completion of the sale, the chief financial officer owned 349,934 shares in the company, valued at approximately $2,470,534.04. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nayaab Islam sold 219,736 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total transaction of $1,489,810.08. Following the transaction, the insider owned 8,232,228 shares in the company, valued at approximately $55,814,505.84. The trade was a 2.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 991,338 shares of company stock valued at $6,692,030 in the last 90 days. 30.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted 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 last quarter. Meeder Asset Management Inc. purchased a new stake in STUB in the third quarter worth $33,000. Royal Bank of Canada increased its position in 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 buying an additional 4,214 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of STUB by 848.2% in the third quarter. Sterling Capital Management LLC now owns 7,434 shares of the company’s stock valued at $41,000 after buying an additional 6,650 shares during the period. Finally, State of Wyoming raised its stake in shares of STUB by 328.8% in the third quarter. State of Wyoming now owns 8,371 shares of the company’s stock valued at $47,000 after buying an additional 6,419 shares during the period.

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STUB Company Profile

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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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