STUB (NYSE:STUB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of STUB (NYSE:STUB) from a hold rating to a buy rating in a research report sent to investors on Saturday.

STUB has been the topic of a number of other research reports. HSBC upgraded shares of STUB to a “buy” rating in a research note on Tuesday, May 19th. UBS Group began coverage on STUB in a report on Tuesday, May 19th. They set a “neutral” rating on the stock. Morgan Stanley boosted their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Finally, Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, STUB presently has a consensus rating of “Hold” and a consensus target price of $11.50.

STUB Price Performance

Shares of NYSE:STUB opened at $9.28 on Friday. 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 1-year low of $5.74 and a 1-year high of $27.89. The stock has a market capitalization of $3.48 billion and a P/E ratio of -15.46. The firm’s 50 day moving average price is $10.64.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. STUB’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at STUB

In related news, insider Nayaab Islam sold 54,801 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.03, for a total transaction of $714,057.03. Following the completion of the transaction, the insider directly owned 8,454,764 shares of the company’s stock, valued at approximately $110,165,574.92. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 232,567 shares of STUB stock in a transaction on Thursday, May 14th. The shares were 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 in the company, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 413,647 shares of company stock worth $4,401,046 in the last three months. Insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STUB. WestCap Management LLC bought a new stake in shares of STUB in the fourth quarter worth about $429,370,000. Capital Research Global Investors purchased a new stake in shares of STUB in the fourth quarter worth about $106,887,000. Index Venture Associates III Ltd purchased a new stake in shares of STUB in the fourth quarter worth about $85,192,000. PointState Capital LP boosted its stake in STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after buying an additional 4,117,332 shares during the last quarter. Finally, Capital International Investors bought a new position in STUB during the fourth quarter valued at approximately $55,235,000.

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.