STUB (NYSE:STUB) Hits New 1-Year Low – Here’s Why

Shares of STUB (NYSE:STUB) hit a new 52-week low during trading on Thursday . The stock traded as low as $8.93 and last traded at $8.96, with a volume of 395908 shares changing hands. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on STUB shares. Weiss Ratings initiated coverage on STUB in a research report on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. Wall Street Zen raised STUB from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Craig Hallum initiated coverage on STUB in a research report on Thursday, January 29th. They issued a “hold” rating and a $12.00 price target on the stock. Finally, Citigroup initiated coverage on STUB in a research note on Tuesday, January 20th. They issued a “sell” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, STUB presently has an average rating of “Sell” and a consensus target price of $12.50.

STUB Stock Up 5.1%

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $3.39 billion and a P/E ratio of -15.37.

Institutional Investors Weigh In On STUB

Several hedge funds and other institutional investors have recently made changes to their positions in STUB. The Manufacturers Life Insurance Company purchased a new position in STUB in the fourth quarter valued at approximately $143,000. Barrier Capital Management LLC purchased a new stake in shares of STUB during the 4th quarter worth approximately $6,025,000. Rubric Capital Management LP acquired a new position in shares of STUB in the 4th quarter valued at $10,619,000. Rokos Capital Management LLP purchased a new position in shares of STUB in the 4th quarter valued at $20,684,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of STUB in the 4th quarter valued at $2,609,000.

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.