STUB (NYSE:STUB – Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 19,841 call options on the company. This is an increase of 150% compared to the typical volume of 7,948 call options.
STUB Stock Down 4.7%
Shares of STUB traded down $0.41 during midday trading on Tuesday, reaching $8.37. 2,769,807 shares of the stock were exchanged, compared to its average volume of 5,174,605. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $10.46 and its two-hundred day moving average is $9.37. The company has a market capitalization of $3.14 billion and a P/E ratio of -13.94.
STUB (NYSE:STUB – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that STUB will post 0.48 earnings per share for the current year.
Insider Buying and Selling
Institutional Investors Weigh In On STUB
Several large investors have recently modified their holdings of the business. Stephens Group LLC lifted its position in shares of STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after purchasing an additional 673,715 shares during the period. Bank of America Corp DE raised its stake in STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after buying an additional 457,321 shares in the last quarter. Pine Ridge Advisers LLC bought a new position in STUB in the first quarter worth approximately $4,117,000. Royal Bank of Canada lifted its holdings in STUB by 194.4% during 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 period. Finally, Rokos Capital Management LLP lifted its holdings in STUB by 40.4% during the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after buying an additional 616,892 shares during the period.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on STUB shares. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price objective on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Citigroup restated a “neutral” rating on shares of STUB in a research note on Wednesday, July 15th. HSBC raised shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Finally, UBS Group assumed coverage on shares of STUB in a research note on Tuesday, May 19th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.50.
Check Out Our Latest Research Report on STUB
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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