STUB (NYSE:STUB) Given New $12.00 Price Target at TD Cowen

STUB (NYSE:STUB) had its price target dropped by TD Cowen from $16.00 to $12.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 73.91% from the company’s current price.

A number of other analysts have also issued reports on STUB. Citigroup reissued a “neutral” rating on shares of STUB in a research report on Wednesday, July 15th. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price objective on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Evercore set a $14.00 price objective on STUB in a report on Thursday, August 13th. Finally, HSBC raised STUB to a “buy” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, STUB currently has a consensus rating of “Hold” and an average target price of $10.83.

STUB Trading Up 1.0%

Shares of STUB stock traded up $0.07 during trading hours on Friday, hitting $6.90. The company had a trading volume of 362,895 shares, compared to its average volume of 5,412,905. The company’s fifty day moving average is $10.09 and its 200 day moving average is $8.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The stock has a market capitalization of $2.59 billion and a PE ratio of -1.20.

Insider Buying and Selling at STUB

In other STUB news, insider Mark Streams sold 28,531 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the transaction, the insider owned 1,561,122 shares of the company’s stock, valued at $20,325,808.44. This trade represents a 1.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott Michael Fitzgerald sold 84,970 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total transaction of $601,587.60. Following the completion of the transaction, the insider owned 110,383 shares of the company’s stock, valued at approximately $781,511.64. This trade represents a 43.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 381,081 shares of company stock valued at $3,711,524 in the last quarter. Corporate insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of STUB. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in STUB during the 4th quarter worth about $1,044,000. Garner Asset Management Corp acquired a new stake in STUB in the 4th quarter valued at about $92,000. International Assets Investment Management LLC purchased a new position in shares of STUB in the 4th quarter valued at about $149,000. Baader Bank Aktiengesellschaft purchased a new position in shares of STUB in the 4th quarter valued at about $1,015,000. Finally, Cornerstone Wealth Management LLC grew its position in shares of STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after buying an additional 6,070 shares in the last quarter.

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.