TD Cowen Cuts STUB (NYSE:STUB) Price Target to $12.00

STUB (NYSE:STUB) had its price target decreased by TD Cowen from $16.00 to $12.00 in a research report report published on Friday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other brokerages have also weighed in on STUB. Morgan Stanley raised their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Evercore set a $14.00 target price on STUB in a research report on Thursday, August 13th. Mizuho set a $11.00 target price on STUB in a research note on Friday, August 14th. Oppenheimer reduced their target price on STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.83.

STUB Stock Up 0.7%

Shares of NYSE STUB opened at $6.73 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The stock’s 50-day simple moving average is $10.00 and its 200-day simple moving average is $8.93. The firm has a market cap of $2.57 billion and a price-to-earnings ratio of -1.17.

Insider Transactions at STUB

In other STUB news, insider Mark Streams sold 28,531 shares of STUB stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the transaction, the insider owned 1,561,122 shares of the company’s stock, valued at $20,325,808.44. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Constance P. James sold 116,644 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total transaction of $823,506.64. Following the sale, the chief financial officer owned 349,934 shares of the company’s stock, valued at approximately $2,470,534.04. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 381,081 shares of company stock valued at $3,711,524. 30.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Stephens Group LLC lifted its holdings in STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after acquiring an additional 673,715 shares during the last quarter. Morling Financial Advisors LLC acquired a new position in STUB in the first quarter valued at approximately $868,000. Pine Ridge Advisers LLC bought a new position in shares of STUB during the first quarter valued at approximately $4,117,000. Thrive Capital Management LLC bought a new position in shares of STUB during the third quarter valued at approximately $1,158,000. Finally, Galaxy Digital Inc. acquired a new stake in shares of STUB during the 1st quarter worth approximately $2,070,000.

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.