STUB (NYSE:STUB) Given Average Recommendation of “Hold” by Brokerages

Shares of STUB (NYSE:STUB) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.3214.

Several brokerages have recently issued reports on STUB. JPMorgan Chase & Co. lifted their price objective on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. HSBC upgraded shares of STUB to a “buy” rating in a report on Tuesday, May 19th. UBS Group started coverage on shares of STUB in a report on Tuesday, May 19th. They issued a “neutral” rating for the company. BMO Capital Markets cut shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th.

STUB Price Performance

Shares of STUB opened at $9.99 on Tuesday. The stock has a 50 day simple moving average of $7.34. The firm has a market cap of $3.56 billion and a PE ratio of -16.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a 12-month low of $5.74 and a 12-month high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. The business’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts forecast that STUB will post 0.48 EPS for the current fiscal year.

Insider Activity

In other STUB news, insider Mark Streams sold 232,567 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.04, for a total value of $2,102,405.68. Following the completion of the transaction, the insider directly owned 1,114,001 shares in the company, valued at $10,070,569.04. This trade represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott Michael Fitzgerald sold 28,387 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the transaction, the insider owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 264,186 shares of company stock valued at $2,342,584.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC boosted its holdings 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 purchasing an additional 276,394 shares during the period. Thrive Capital Management LLC acquired a new stake in shares of STUB during the third quarter worth approximately $1,158,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of STUB during the fourth quarter worth approximately $1,015,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of STUB during the fourth quarter worth approximately $1,044,000. Finally, Kazazian Asset Management LLC acquired a new stake in shares of STUB during the fourth quarter worth approximately $667,000.

About STUB

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.