STUB (NYSE:STUB) Given Consensus Rating of “Hold” by Brokerages

Shares of STUB (NYSE:STUB) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.8333.

Several analysts recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of STUB in a report on Wednesday, July 15th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Evercore set a $14.00 target price on STUB in a research report on Thursday, August 13th. UBS Group set a $7.50 price target on STUB in a report on Thursday, August 13th. Finally, Guggenheim dropped their price target on STUB from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th.

STUB Stock Performance

Shares of STUB stock opened at $6.56 on Thursday. 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 has a one year low of $5.74 and a one year high of $27.89. The company’s 50-day simple moving average is $9.71 and its 200-day simple moving average is $8.84. The stock has a market capitalization of $2.51 billion and a price-to-earnings ratio of -1.14.

Insider Buying and Selling at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 84,970 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the sale, the insider directly owned 110,383 shares of the company’s stock, valued at approximately $781,511.64. This represents a 43.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nayaab Islam sold 54,801 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03. Following the completion of the transaction, the insider owned 8,454,764 shares in the company, valued at approximately $110,165,574.92. The trade was a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 547,757 shares of company stock worth $4,840,173. Company insiders own 30.97% of the company’s stock.

Institutional Investors Weigh In On STUB

Institutional investors have recently modified their holdings of the business. WestCap Management LLC acquired a new stake in STUB during the fourth quarter worth about $429,370,000. PointState Capital LP boosted its stake in STUB by 19.9% in the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after acquiring an additional 4,117,332 shares during the period. Capital Research Global Investors bought a new position in shares of STUB during the fourth quarter valued at approximately $106,887,000. Index Venture Associates III Ltd bought a new position in shares of STUB during the fourth quarter valued at approximately $85,192,000. Finally, Capital International Investors bought a new position in shares of STUB during the fourth quarter valued at approximately $55,235,000.

About STUB

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.