STUB (NYSE:STUB) Hits New 1-Year Low – Here’s Why

STUB (NYSE:STUB) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $5.22 and last traded at $5.3050, with a volume of 652950 shares. The stock had previously closed at $5.30.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STUB. Morgan Stanley raised their price target on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Mizuho set a $11.00 target price on STUB in a research note on Friday, August 14th. UBS Group set a $7.50 target price on STUB in a report on Thursday, August 13th. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Finally, Bank of America reaffirmed an “underperform” rating and set a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.33.

STUB Trading Up 0.5%

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 stock’s 50-day moving average is $7.14 and its two-hundred day moving average is $8.31. The company has a market cap of $2.03 billion and a P/E ratio of -0.93.

STUB (NYSE:STUB) last posted its earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $573.07 million during the quarter. STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. As a group, equities research analysts predict that STUB will post 0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at STUB

In related news, insider Mark Streams sold 135,589 shares of the company’s stock in a transaction on 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 sale, the insider owned 1,225,976 shares in the company, valued at approximately $7,833,986.64. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nayaab Islam sold 14,306 shares of the firm’s 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 transaction, the insider directly owned 7,996,986 shares in the company, valued at $49,581,313.20. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,082,971 shares of company stock valued at $7,888,706 in the last ninety days. 30.97% of the stock is currently owned by corporate insiders.

Institutional Trading of STUB

Several large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors bought a new stake in shares of STUB during the 4th quarter valued at $106,887,000. Index Venture Associates III Ltd purchased a new stake in shares of STUB in the 4th quarter worth $85,192,000. Capital International Investors bought a new position in STUB in the 4th quarter worth $55,235,000. Norges Bank purchased a new position in STUB during the fourth quarter valued at $23,678,000. Finally, Stephens Group LLC grew its holdings in STUB by 193.2% during the second 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.

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.