STUB (NYSE:STUB – Get Free Report) insider Mark Streams sold 232,567 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the transaction, the insider directly owned 1,114,001 shares in the company, valued at approximately $10,070,569.04. This trade represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
STUB Stock Up 3.6%
Shares of NYSE STUB traded up $0.31 during midday trading on Friday, hitting $8.86. The company had a trading volume of 6,539,181 shares, compared to its average volume of 4,236,327. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The firm has a 50-day simple moving average of $7.14. The firm has a market cap of $3.16 billion and a price-to-earnings ratio of -13.42.
STUB (NYSE:STUB – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that STUB will post 0.34 EPS for the current year.
Hedge Funds Weigh In On STUB
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price target on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday. Craig Hallum started coverage on shares of STUB in a research note on Thursday, January 29th. They issued a “hold” rating and a $12.00 price objective on the stock. Morgan Stanley raised their target price on shares of STUB from $8.25 to $8.75 and gave the company an “equal weight” rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, STUB currently has a consensus rating of “Hold” and a consensus price target of $10.75.
View Our Latest Analysis on STUB
Key STUB News
Here are the key news stories impacting STUB this week:
- Positive Sentiment: StubHub reported Q1 EPS of $0.06, beating estimates and swinging to a profit from a loss a year ago, while revenue rose 12.2% year over year to $446.05 million. StubHub Holdings Earnings Call Signals Profitable Turn
- Positive Sentiment: Management reaffirmed full-year guidance and highlighted improving ticket demand and profitability, reinforcing hopes that the business turnaround is taking hold. StubHub shares pop on Q1 beat, reaffirmed full-year guidance
- Positive Sentiment: JPMorgan raised its price target on STUB to $11.00 from $10.00, signaling improved sentiment even though it kept a neutral rating. STUB (NYSE:STUB) Given New $11.00 Price Target at JPMorgan Chase & Co.
- Positive Sentiment: Morgan Stanley also lifted its target to $8.75, suggesting analysts see more value in the stock after the earnings beat. STUB (NYSE:STUB) Given New $8.75 Price Target at Morgan Stanley
- Neutral Sentiment: An insider sale by Scott Michael Fitzgerald was disclosed, but the trade was relatively small and appears less important than the earnings and guidance news. Scott Michael Fitzgerald Sells 1,613 Shares of STUB (NYSE:STUB) Stock
STUB Company Profile
Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.
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