STUB (NYSE:STUB) Given Consensus Rating of “Hold” by Brokerages

STUB (NYSE:STUB) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.40.

Several brokerages recently weighed in on STUB. Citigroup raised shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Craig Hallum began coverage on STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 target price for the company. Guggenheim reaffirmed a “buy” rating on shares of STUB in a report on Tuesday, February 24th. Wall Street Zen upgraded STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Oppenheimer decreased their price target on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th.

STUB Trading Down 4.7%

Shares of NYSE STUB opened at $7.56 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03. STUB has a 1 year low of $7.37 and a 1 year high of $27.89. The company has a market capitalization of $2.78 billion and a P/E ratio of -11.45.

STUB (NYSE:STUB) last posted its earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.55). The business had revenue of $449.17 million for the quarter. The company’s quarterly revenue was down 15.8% compared to the same quarter last year.

Institutional Trading of STUB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STUB. Ardmore Road Asset Management LP raised its holdings in STUB by 25.0% during the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after purchasing an additional 5,000 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after buying an additional 6,070 shares during the period. Garner Asset Management Corp bought a new position in STUB during the fourth quarter worth $92,000. The Manufacturers Life Insurance Company bought a new position in STUB during the fourth quarter worth $143,000. Finally, International Assets Investment Management LLC acquired a new position in STUB in the fourth quarter valued at $149,000.

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.