STUB (NYSE:STUB) Shares Climb 5.4% – Should You Buy?

Shares of STUB (NYSE:STUB) traded up 5.4% on Wednesday. The company traded as high as $6.01 and last traded at $6.0370. Approximately 2,687,676 shares changed hands during trading, a decline of 52% from the average session volume of 5,611,216 shares. The stock had previously closed at $5.73.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STUB. TD Cowen cut their price target on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 21st. Oppenheimer decreased their price objective on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Mizuho set a $11.00 target price on shares of STUB in a research note on Friday, August 14th. Weiss Ratings downgraded shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Finally, Evercore set a $14.00 price target on shares of STUB in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.17.

STUB Price Performance

The company has a 50 day moving average of $6.67 and a 200-day moving average of $8.22. The firm has a market capitalization of $2.36 billion and a P/E ratio of -1.07. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86.

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

Insider Transactions at STUB

In other news, 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 transaction, the insider directly owned 7,996,986 shares of the company’s stock, valued at approximately $49,581,313.20. This trade represents a 0.18% 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 this hyperlink. Also, insider Mark Streams sold 135,589 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total value of $866,413.71. Following the sale, the insider directly owned 1,225,976 shares in the company, valued at $7,833,986.64. This represents a 9.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 991,338 shares of company stock valued at $6,692,030 in the last three months. 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 the stock. Index Venture Associates III Ltd acquired a new stake in shares of STUB during the 4th quarter worth $85,192,000. Rokos Capital Management LLP lifted its position in STUB by 40.4% during the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after purchasing an additional 616,892 shares during the period. Stephens Group LLC grew its stake in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after buying an additional 673,715 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in STUB during the second quarter worth about $7,953,000. Finally, Comprehensive Financial Management LLC increased its holdings in STUB by 13.6% in the 2nd quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company’s stock valued at $5,026,000 after buying an additional 46,808 shares during the period.

STUB Company Profile

StubHub Holdings, Inc operates online ticket marketplaces that connect buyers and sellers of tickets for live events. Through the StubHub and viagogo platforms, the company offers tickets to sporting events, concerts, theater productions, festivals and other entertainment experiences. Its services generally include ticket discovery, digital transactions, delivery and customer support.

StubHub was founded in 2000 by Eric Baker and Jeff Fluhr. eBay acquired the company in 2007, and StubHub was later sold to viagogo in 2020.