Norges Bank bought a new stake in shares of STUB (NYSE:STUB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,750,000 shares of the company’s stock, valued at approximately $23,678,000. Norges Bank owned 0.48% of STUB as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of STUB. CWM LLC lifted its stake in STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after acquiring an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in STUB during the 4th quarter valued at about $1,044,000. Garner Asset Management Corp bought a new position in STUB during the 4th quarter valued at about $92,000. International Assets Investment Management LLC bought a new position in STUB during the 4th quarter valued at about $149,000. Finally, Baader Bank Aktiengesellschaft bought a new position in STUB during the 4th quarter valued at about $1,015,000.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on STUB shares. Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Wedbush reiterated a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Guggenheim upgraded shares of STUB from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $8.50 to $12.50 in a research note on Tuesday, May 19th. Oppenheimer lowered their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of STUB from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.32.
Insider Transactions at STUB
In related news, insider Mark Streams sold 232,567 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total value of $2,102,405.68. Following the completion of the sale, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 235,799 shares of company stock valued at $2,125,140.
STUB Trading Up 3.5%
STUB stock opened at $10.36 on Wednesday. The business has a 50 day moving average price of $7.96. The stock has a market cap of $3.89 billion and a price-to-earnings ratio of -17.27. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96.
STUB (NYSE:STUB – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts predict that STUB will post 0.48 EPS for the current year.
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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