STUB (NYSE:STUB) Shares Up 7.4% – Here’s Why

STUB (NYSE:STUB)’s stock price rose 7.4% during trading on Wednesday . The stock traded as high as $14.90 and last traded at $14.83. Approximately 1,369,837 shares traded hands during trading, a decline of 54% from the average daily volume of 3,007,543 shares. The stock had previously closed at $13.81.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on STUB shares. Wall Street Zen downgraded shares of STUB from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Citigroup started coverage on STUB in a report on Tuesday, January 20th. They set a “sell” rating and a $13.00 target price on the stock. Finally, Weiss Ratings began coverage on STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating for the company. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell” and an average target price of $13.00.

STUB Price Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $5.49 billion and a price-to-earnings ratio of -24.87.

Institutional Investors Weigh In On STUB

A hedge fund recently raised its stake in STUB stock. CWM LLC boosted its position in STUB (NYSE:STUB) by 56,638.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,882 shares of the company’s stock after buying an additional 276,394 shares during the quarter. CWM LLC owned approximately 0.08% of STUB worth $3,746,000 at the end of the most recent quarter.

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.