STUB (NYSE:STUB) Stock Price Up 7.4% – What’s Next?

STUB (NYSE:STUB) shot up 7.4% on Monday . The stock traded as high as $9.41 and last traded at $9.4720. 3,350,889 shares traded hands during trading, a decline of 21% from the average session volume of 4,216,530 shares. The stock had previously closed at $8.82.

Analyst Ratings Changes

A number of analysts recently commented on STUB shares. Oppenheimer reduced their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research report on Tuesday. UBS Group assumed coverage on STUB in a research note on Tuesday. They set a “neutral” rating for the company. Morgan Stanley increased their price objective on shares of STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Finally, Citigroup started coverage on shares of STUB in a research report on Tuesday. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.32.

STUB Price Performance

The stock’s 50-day simple moving average is $7.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $3.38 billion and a P/E ratio of -14.36.

STUB (NYSE:STUB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. STUB’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts anticipate that STUB will post 0.49 EPS for the current year.

Insider Buying and Selling

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of STUB 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 transaction, the insider owned 77,961 shares in the company, valued at approximately $597,181.26. The trade was a 26.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Streams sold 232,567 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was 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 directly owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. This represents a 17.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 264,186 shares of company stock valued at $2,342,584.

Hedge Funds Weigh In On STUB

Several large investors have recently made changes to their positions in STUB. Pittenger & Anderson Inc. purchased a new stake in shares of STUB during the first quarter worth about $34,000. Royal Bank of Canada boosted its stake in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares during the period. Lido Advisors LLC bought a new position in STUB in the 1st quarter worth approximately $69,000. Garner Asset Management Corp purchased a new stake in STUB during the 4th quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of STUB during the fourth quarter valued at approximately $143,000.

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.