STUB (NYSE:STUB) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

STUB (NYSE:STUB) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $5.93 and traded as high as $6.10. STUB shares last traded at $5.9640, with a volume of 7,976,715 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on STUB. Oppenheimer reduced their price target on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Evercore set a $14.00 price objective on shares of STUB in a 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. Citigroup upgraded shares of STUB from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $9.00 to $7.00 in a research note on Friday, September 18th. Finally, TD Cowen reduced their target price on shares of STUB from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 21st. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.17.

STUB Trading Up 3.2%

The stock has a market capitalization of $2.28 billion and a PE ratio of -1.04. The company’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $8.45. 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 (NYSE:STUB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $573.07 million during the quarter. STUB had a negative net margin of 93.54% and a negative return on equity of 9.50%. As a group, analysts expect that STUB will post 0.35 earnings per share for the current year.

Insider Transactions at STUB

In other news, insider Mark Streams sold 135,589 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total transaction of $866,413.71. Following the sale, the insider owned 1,225,976 shares of the company’s stock, valued at approximately $7,833,986.64. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Monday, September 14th. The shares were sold at an average price of $6.20, for a total transaction of $88,697.20. Following the completion of the transaction, the insider directly owned 7,996,986 shares of the company’s stock, valued at approximately $49,581,313.20. The trade was a 0.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 991,338 shares of company stock worth $6,692,030 over the last quarter. Insiders own 30.97% of the company’s stock.

Hedge Funds Weigh In On STUB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STUB. Chicago Partners Investment Group LLC acquired a new position in shares of STUB in the third quarter worth $266,000. State of Wyoming raised its stake in shares of STUB by 328.8% in the third quarter. State of Wyoming now owns 8,371 shares of the company’s stock valued at $47,000 after acquiring an additional 6,419 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of STUB by 598.7% in the third quarter. International Assets Investment Management LLC now owns 80,000 shares of the company’s stock valued at $446,000 after acquiring an additional 68,550 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of STUB by 46.5% in the third quarter. Oppenheimer & Co. Inc. now owns 505,160 shares of the company’s stock valued at $2,819,000 after acquiring an additional 160,333 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in STUB in the third quarter valued at $100,000.

About STUB

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.