STUB (NYSE:STUB) Stock Has Average Price Target of $10.17

Shares of STUB (NYSE:STUB) have received a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.17.

A number of brokerages have issued reports on STUB. Evercore set a $14.00 price objective on STUB in a report on Thursday, August 13th. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. TD Cowen dropped their target price on shares of STUB from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Guggenheim cut their price target on shares of STUB from $11.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, UBS Group set a $7.50 price target on shares of STUB in a research report on Thursday, August 13th.

Insider Activity at STUB

In related news, CFO Constance P. James sold 116,644 shares of STUB stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $7.06, for a total transaction of $823,506.64. Following the completion of the sale, the chief financial officer directly owned 349,934 shares of the company’s stock, valued at $2,470,534.04. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nayaab Islam sold 219,736 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $6.78, for a total transaction of $1,489,810.08. Following the completion of the sale, the insider directly owned 8,232,228 shares of the company’s stock, valued at $55,814,505.84. The trade was a 2.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 991,338 shares of company stock valued at $6,692,030 over the last ninety days. Company insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP acquired a new stake in shares of STUB in the third quarter valued at approximately $144,000. Russell Investments Group Ltd. raised its stake in STUB by 80.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 32,163 shares of the company’s stock valued at $179,000 after acquiring an additional 14,301 shares during the period. Joel Isaacson & Co. LLC raised its stake in STUB by 9.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 58,500 shares of the company’s stock valued at $326,000 after acquiring an additional 5,000 shares during the period. Jefferies Financial Group Inc. bought a new position in STUB during the third quarter worth $1,672,000. Finally, Pictet Asset Management Holding SA bought a new stake in shares of STUB during the 3rd quarter worth about $128,000.

STUB Price Performance

NYSE STUB opened at $5.83 on Tuesday. STUB has a 1 year low of $5.22 and a 1 year high of $19.86. The company has a fifty day simple moving average of $5.88 and a 200 day simple moving average of $8.30. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The company has a market cap of $2.23 billion, a P/E ratio of -1.02, a P/E/G ratio of 0.69 and a beta of 3.44.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $573.07 million during the quarter. On average, sell-side analysts predict that STUB will post 0.35 EPS for the current year.

STUB Company Profile

StubHub Holdings, Inc operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale.

The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.

StubHub was co-founded by Eric Baker, who has served as the company’s chief executive.