STUB (NYSE:STUB) Receives Consensus Rating of “Hold” from Analysts

STUB (NYSE:STUB) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.33.

STUB has been the subject of a number of analyst reports. Citigroup upgraded shares of STUB from a “neutral” rating to a “buy” rating and cut their price target for the stock from $9.00 to $7.00 in a research note on Friday, September 18th. UBS Group set a $7.50 target price on STUB in a report on Thursday, August 13th. TD Cowen decreased their price target on STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, August 21st. Morgan Stanley upped their price target on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th.

Insider Transactions at STUB

In other STUB news, insider Nayaab Islam sold 14,306 shares of STUB stock in a transaction on 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 transaction, the insider owned 7,996,986 shares in the company, valued at approximately $49,581,313.20. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Streams sold 135,589 shares of STUB 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 completion of the transaction, the insider directly owned 1,225,976 shares of the company’s stock, valued at $7,833,986.64. This represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,128,138 shares of company stock valued at $8,477,184 in the last quarter. 30.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. acquired a new stake in STUB in the first quarter worth about $34,000. Royal Bank of Canada raised its holdings 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 last quarter. Lido Advisors LLC acquired a new position in STUB during the 1st quarter valued at about $69,000. OMERS ADMINISTRATION Corp acquired a new position in STUB during the 1st quarter valued at about $164,000. Finally, Rose Capital Advisors LLC bought a new position in shares of STUB in the 2nd quarter valued at about $183,000.

STUB Stock Up 1.2%

STUB opened at $5.46 on Monday. STUB has a fifty-two week low of $5.23 and a fifty-two week high of $21.49. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $7.22 and its two-hundred day moving average price is $8.33. The company has a market capitalization of $2.08 billion and a P/E ratio of -0.95.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). STUB had a negative net margin of 93.54% and a negative return on equity of 9.50%. The business had revenue of $573.07 million during the quarter. On average, analysts anticipate that STUB will post 0.38 EPS for the current year.

About STUB

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.