STUB (NYSE:STUB) Hits New 12-Month Low – Here’s What Happened

Shares of STUB (NYSE:STUB) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.22 and last traded at $6.27, with a volume of 266385 shares changing hands. The stock had previously closed at $6.41.

Analysts Set New Price Targets

A number of research firms have commented on STUB. Weiss Ratings started coverage on shares of STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating for the company. Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.00 price objective (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Craig Hallum initiated coverage on shares of STUB in a research note on Thursday, January 29th. They set a “hold” rating and a $12.00 target price on the stock. Finally, Wedbush restated a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.75.

STUB Trading Down 3.0%

The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. The firm’s 50-day simple moving average is $9.95. The stock has a market cap of $2.22 billion and a P/E ratio of -9.42.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The firm had revenue of $449.17 million during the quarter. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis.

Insiders Place Their Bets

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total transaction of $217,444.42. Following the sale, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. The trade was a 26.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of STUB

Hedge funds and other institutional investors have recently modified their holdings of the business. WestCap Management LLC acquired a new position in STUB during the fourth quarter valued at $429,370,000. PointState Capital LP boosted its position in STUB by 19.9% during the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after acquiring an additional 4,117,332 shares during the period. Capital Research Global Investors purchased a new position in STUB during the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd purchased a new position in STUB during the 4th quarter valued at about $85,192,000. Finally, Capital International Investors acquired a new position in shares of STUB in the 4th quarter valued at about $55,235,000.

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.