STUB (NYSE:STUB – Get Free Report) had its price objective lowered by stock analysts at TD Cowen from $12.00 to $10.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen‘s target price points to a potential upside of 90.66% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Weiss Ratings lowered shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. UBS Group set a $7.50 price target on shares of STUB in a research report on Thursday, August 13th. JPMorgan Chase & Co. decreased their price objective on shares of STUB from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Evercore set a $14.00 price objective on STUB in a report on Thursday, August 13th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.75.
Check Out Our Latest Research Report on STUB
STUB Stock Up 3.9%
STUB stock traded up $0.20 during mid-day trading on Friday, hitting $5.25. The company had a trading volume of 959,257 shares, compared to its average volume of 5,605,927. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a 1 year low of $5.03 and a 1 year high of $16.63. The business has a fifty day moving average of $5.83 and a 200 day moving average of $8.16. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -3.64, a PEG ratio of 0.63 and a beta of 3.44.
STUB (NYSE:STUB – Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). STUB had a positive return on equity of 1.91% and a negative net margin of 25.29%. The company had revenue of $501.95 million for the quarter. During the same period in the previous year, the company earned ($4.27) EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that STUB will post 0.32 earnings per share for the current fiscal year.
Insider Buying and Selling at STUB
In other news, insider Mark Streams sold 135,589 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total transaction of $866,413.71. Following the transaction, the insider directly owned 1,225,976 shares in the company, valued at $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nayaab Islam sold 14,306 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $6.20, for a total transaction of $88,697.20. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 991,338 shares of company stock valued at $6,692,030 in the last 90 days. Company insiders own 30.97% of the company’s stock.
Institutional Investors Weigh In On STUB
A number of hedge funds have recently added to or reduced their stakes in STUB. Nisa Investment Advisors LLC boosted its holdings in STUB by 135.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company’s stock valued at $27,000 after purchasing an additional 2,738 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in STUB during the 3rd quarter worth approximately $33,000. Royal Bank of Canada increased its position in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares during the period. Sterling Capital Management LLC increased its position in STUB by 848.2% during the 3rd quarter. Sterling Capital Management LLC now owns 7,434 shares of the company’s stock worth $41,000 after purchasing an additional 6,650 shares during the period. Finally, State of Wyoming raised its stake in shares of STUB by 328.8% during the 3rd quarter. State of Wyoming now owns 8,371 shares of the company’s stock worth $47,000 after buying an additional 6,419 shares in the last quarter.
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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