STUB (NYSE:STUB) Shares Down 5.1% – What’s Next?

STUB (NYSE:STUB)’s share price fell 5.1% during mid-day trading on Monday. The stock traded as low as $5.83 and last traded at $5.8250. Approximately 1,694,671 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 5,520,945 shares. The stock had previously closed at $6.14.

Analyst Upgrades and Downgrades

STUB has been the topic of a number of recent analyst reports. Mizuho set a $11.00 target price on shares of STUB in a research note on Friday, August 14th. UBS Group set a $7.50 price target on shares of STUB in a research report on Thursday, August 13th. Evercore set a $14.00 price objective on shares of STUB in a research note on Thursday, August 13th. Bank of America downgraded shares of STUB from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $11.00 to $7.50 in a research report on Thursday, August 13th. Finally, Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.17.

STUB Stock Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day simple moving average is $5.90 and its 200-day simple moving average is $8.34. The firm has a market capitalization of $2.21 billion, a PE ratio of -1.01, a price-to-earnings-growth ratio of 0.65 and a beta of 3.44.

STUB (NYSE:STUB) last released its earnings results on Wednesday, August 12th. The company reported $0.02 EPS 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 company had revenue of $573.07 million during the quarter. As a group, equities research analysts expect that STUB will post 0.35 EPS for the current year.

Insider Buying and Selling at STUB

In other news, insider Mark Streams sold 135,589 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the completion of the transaction, the insider owned 1,225,976 shares in the company, valued at $7,833,986.64. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nayaab Islam sold 14,306 shares of STUB stock in a transaction dated 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 sale, the insider directly owned 7,996,986 shares in the company, valued at $49,581,313.20. This trade represents a 0.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 991,338 shares of company stock worth $6,692,030. Corporate insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rokos Capital Management LLP grew its position in 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 acquiring an additional 616,892 shares in the last quarter. Stephens Group LLC increased its stake in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after acquiring an additional 673,715 shares during the last quarter. Pine Ridge Advisers LLC purchased a new stake in STUB during the first quarter valued at approximately $4,117,000. Sequoia Financial Advisors LLC purchased a new stake in STUB during the second quarter valued at approximately $7,953,000. Finally, Bank of America Corp DE raised its position in STUB by 396.1% during the first 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.

About STUB

StubHub Holdings, Inc operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale.

The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.

StubHub was co-founded by Eric Baker, who has served as the company’s chief executive.