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

STUB (NYSE:STUB) shares rose 7.4% during trading on Wednesday . The company traded as high as $14.90 and last traded at $14.83. Approximately 1,369,837 shares traded hands during trading, a decline of 54% from the average daily volume of 3,007,543 shares. The stock had previously closed at $13.81.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STUB shares. Citigroup assumed coverage on STUB in a research report on Tuesday, January 20th. They issued a “sell” rating and a $13.00 target price on the stock. Wall Street Zen downgraded shares of STUB from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings assumed coverage on STUB in a research report on Wednesday, January 14th. They set a “sell (d-)” rating for the company. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $13.00.

STUB Price Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $5.49 billion and a price-to-earnings ratio of -24.87.

Institutional Trading of STUB

A hedge fund recently raised its stake in STUB stock. CWM LLC boosted its position in STUB (NYSE:STUB) by 56,638.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,882 shares of the company’s stock after buying an additional 276,394 shares during the quarter. CWM LLC owned approximately 0.08% of STUB worth $3,746,000 as of its most recent filing with the SEC.

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.