STUB (NYSE:STUB) Receives $11.50 Consensus Price Target from Analysts

STUB (NYSE:STUB) has earned a consensus rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $11.50.

STUB has been the topic of a number of research reports. Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. increased their target price on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Citigroup assumed coverage on shares of STUB in a research report on Tuesday, May 19th. They set a “buy” rating for the company.

STUB Stock Performance

Shares of NYSE:STUB opened at $11.66 on Friday. The firm has a market capitalization of $4.38 billion and a PE ratio of -19.44. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The business’s fifty day simple moving average is $8.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96.

STUB (NYSE:STUB) last issued its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share 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 business’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts expect that STUB will post 0.56 EPS for the current fiscal year.

Insider Activity

In other news, insider Mark Streams sold 232,567 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the transaction, the insider owned 1,114,001 shares in the company, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nayaab Islam sold 16,720 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $11.37, for a total transaction of $190,106.40. Following the transaction, the insider owned 8,563,444 shares of the company’s stock, valued at $97,366,358.28. This represents a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 253,386 shares of company stock valued at $2,324,202 in the last 90 days. Insiders own 30.97% of the company’s stock.

Hedge Funds Weigh In On STUB

Several institutional investors have recently modified their holdings of STUB. CWM LLC grew its position in shares of STUB by 56,638.1% during the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of STUB during the fourth quarter worth about $1,044,000. Garner Asset Management Corp bought a new position in shares of STUB during the fourth quarter worth about $92,000. International Assets Investment Management LLC bought a new position in shares of STUB during the fourth quarter worth about $149,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of STUB during the fourth quarter worth about $1,015,000.

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.