STUB (NYSE:STUB) Stock Rated “Hold” by Sell-Side Brokerages

Shares of STUB (NYSE:STUB) have earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $10.17.

A number of equities research analysts have commented on the stock. Evercore set a $14.00 target price on shares of STUB in a research report on Thursday, August 13th. Weiss Ratings lowered shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 2nd. UBS Group set a $7.50 price target on STUB in a report on Thursday, August 13th. Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $9.00 to $7.00 in a research note on Friday, September 18th. Finally, Mizuho set a $11.00 price objective on shares of STUB in a report on Friday, August 14th.

Insider Buying and Selling at STUB

In other STUB news, insider Mark Streams sold 150,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $6.76, for a total value of $1,014,000.00. Following the transaction, the insider directly owned 1,404,222 shares in the company, valued at approximately $9,492,540.72. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nayaab Islam sold 219,736 shares of STUB stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total transaction of $1,489,810.08. Following the transaction, the insider owned 8,232,228 shares in the company, valued at $55,814,505.84. This represents a 2.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 991,338 shares of company stock valued at $6,692,030 over the last three months. Insiders own 30.97% of the company’s stock.

Institutional Investors Weigh In On STUB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rokos Capital Management LLP boosted its position in shares of STUB by 40.4% in the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after purchasing an additional 616,892 shares during the period. Stephens Group LLC raised its position in shares of STUB by 193.2% during the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after purchasing an additional 673,715 shares during the period. Pine Ridge Advisers LLC bought a new stake in shares of STUB during the 1st quarter valued at $4,117,000. Sequoia Financial Advisors LLC bought a new stake in shares of STUB during the 2nd quarter valued at $7,953,000. Finally, Bank of America Corp DE raised its position in shares of STUB by 396.1% during the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after purchasing an additional 457,321 shares during the period.

STUB Stock Performance

Shares of NYSE:STUB opened at $6.08 on Friday. The stock’s 50-day moving average is $6.11 and its 200 day moving average is $8.18. STUB has a 1 year low of $5.22 and a 1 year high of $21.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04.

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

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects buyers and sellers of tickets for sporting events, concerts, theater productions and other entertainment experiences.

The company provides digital tools that support ticket discovery, listing, purchasing and delivery, including mobile and online services. StubHub serves customers across multiple international markets and offers access to events in a range of geographic regions.

StubHub was founded in 2000 and was acquired by eBay in 2007 before being sold to viagogo in 2020.