STUB (NYSE:STUB) Stock Price Up 7.9% – What’s Next?

STUB (NYSE:STUB)’s stock price rose 7.9% during trading on Friday . The company traded as high as $11.43 and last traded at $11.4630. Approximately 5,402,812 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 4,518,285 shares. The stock had previously closed at $10.62.

Wall Street Analysts Forecast Growth

STUB has been the subject of a number of recent analyst reports. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen raised STUB from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. UBS Group began coverage on shares of STUB in a research note on Tuesday, May 19th. They set a “neutral” rating for the company. Wedbush reaffirmed a “neutral” rating and set a $10.00 price objective (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Finally, BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.50.

STUB Price Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average of $8.13. The company has a market capitalization of $4.27 billion and a PE ratio of -18.95.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that STUB will post 0.48 EPS for the current year.

Insider Transactions at STUB

In other STUB news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction dated 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 sale, the insider owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 235,799 shares of company stock worth $2,125,140 over the last ninety days.

Institutional Investors Weigh In On STUB

Institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new stake in STUB during the first quarter valued at about $34,000. Royal Bank of Canada grew its position in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares during the period. Garner Asset Management Corp purchased a new stake in STUB during the fourth quarter valued at about $92,000. The Manufacturers Life Insurance Company purchased a new stake in STUB during the fourth quarter valued at about $143,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of STUB in the fourth quarter worth about $149,000.

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.