STUB (NYSE:STUB) Reaches New 12-Month Low – What’s Next?

STUB (NYSE:STUB) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.93 and last traded at $8.96, with a volume of 395908 shares changing hands. The stock had previously closed at $9.45.

Analyst Ratings Changes

Several research firms have weighed in on STUB. Craig Hallum began coverage on STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 price objective on the stock. Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Citigroup assumed coverage on shares of 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 started coverage on shares of STUB in a research report on Wednesday, January 14th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $12.50.

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 company has a market cap of $3.24 billion and a P/E ratio of -14.67.

Institutional Trading of STUB

A number of institutional investors and hedge funds have recently made changes to their positions in STUB. Capital Research Global Investors acquired a new stake in shares of STUB during the 4th quarter worth approximately $106,887,000. Capital International Investors bought a new stake in STUB during the fourth quarter worth $55,235,000. Norges Bank acquired a new stake in shares of STUB in the 4th quarter valued at $23,678,000. CWM LLC boosted its holdings in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after purchasing an additional 276,394 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of STUB in the 4th quarter valued at $1,657,000.

STUB Company Profile

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.