Zacks Research cut shares of STUB (NYSE:STUB – Free Report) from a hold rating to a strong sell rating in a research note published on Tuesday,Zacks reports.
A number of other equities research analysts also recently commented on the stock. Mizuho set a $11.00 price target on shares of STUB in a report on Friday, August 14th. Weiss Ratings downgraded shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. Bank of America downgraded shares of STUB from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $11.00 to $7.50 in a research note on Thursday, August 13th. TD Cowen decreased their target price on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Finally, Evercore set a $14.00 target price on STUB in a research note on Thursday, August 13th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, STUB presently has a consensus rating of “Hold” and an average price target of $9.92.
Get Our Latest Research Report on STUB
STUB Trading Down 1.1%
Shares of STUB stock opened at $5.59 on Tuesday. The firm has a 50-day moving average price of $5.86 and a 200 day moving average price of $8.20. STUB has a twelve month low of $5.07 and a twelve month high of $19.86. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -3.88, a PEG ratio of 0.59 and a beta of 3.44. 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 (NYSE:STUB – Get Free Report) last released its earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). STUB had a negative net margin of 25.29% and a positive return on equity of 1.91%. The firm had revenue of $501.95 million during the quarter. During the same quarter last year, the business posted ($4.27) EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts forecast that STUB will post 0.35 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Nayaab Islam sold 14,306 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $6.20, for a total value of $88,697.20. Following the completion of the sale, the insider owned 7,996,986 shares in the company, valued at approximately $49,581,313.20. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Streams sold 135,589 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total value of $866,413.71. Following the sale, the insider owned 1,225,976 shares in the company, valued at approximately $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 991,338 shares of company stock valued at $6,692,030 in the last ninety days. Company insiders own 30.97% of the company’s stock.
Hedge Funds Weigh In On STUB
A number of institutional investors and hedge funds have recently bought and sold shares of STUB. Stephens Group LLC boosted its stake in shares of STUB by 193.2% in the second 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. Bank of America Corp DE grew its holdings in STUB by 396.1% during the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after purchasing an additional 457,321 shares in the last quarter. Morling Financial Advisors LLC acquired a new stake in STUB during the 1st quarter valued at $868,000. Sequoia Financial Advisors LLC acquired a new stake in STUB during the 2nd quarter valued at $7,953,000. Finally, Pine Ridge Advisers LLC acquired a new stake in STUB during the 1st quarter valued at $4,117,000.
STUB News Summary
Here’s some of the latest news about STUB:
- Neutral Sentiment: StubHub named Michael Noonan as its next CFO, with the transition effective January 2027. The announcement provides leadership continuity but does not, by itself, indicate a change in business outlook. Article: StubHub Holdings Names Michael Noonan As Chief Financial Officer
- Negative Sentiment: Q3 adjusted earnings of $0.05 per share fell short of the $0.11 consensus, while revenue of $501.95 million also missed estimates. Revenue was up 7.2% year over year, but the earnings and sales shortfalls appear to be weighing on sentiment. Article: StubHub Q3 Earnings and Revenues Miss Estimates
- Negative Sentiment: Reported open-market insider activity showed 27 sales and no purchases over the past six months, a potential additional source of investor concern. Article: STUB Stock Data and Insider Trading Activity
About STUB
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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