STUB (NYSE:STUB) Trading 7.9% Higher – Still a Buy?

Shares of STUB (NYSE:STUB) traded up 7.9% during trading on Friday . The stock traded as high as $11.43 and last traded at $11.4630. 5,402,812 shares were traded during mid-day trading, an increase of 20% from the average session volume of 4,518,285 shares. The stock had previously closed at $10.62.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush reiterated a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of STUB in a report on Thursday, June 4th. Oppenheimer reduced their target price on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Finally, HSBC upgraded STUB to a “buy” rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.50.

STUB Stock Performance

The firm has a market cap of $4.27 billion and a PE ratio of -18.95. The firm has a fifty day moving average of $8.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The company’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark Streams sold 232,567 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 236,666 shares of company stock worth $2,134,096.

Institutional Investors Weigh In On STUB

A number of hedge funds have recently added to or reduced their stakes in STUB. CWM LLC grew its stake in STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after acquiring an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of STUB in the 4th quarter worth $1,044,000. Garner Asset Management Corp bought a new position in shares of STUB in the 4th quarter worth $92,000. International Assets Investment Management LLC bought a new position in shares of STUB in the 4th quarter worth $149,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of STUB in the 4th quarter worth $1,015,000.

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.