Brokerages Set STUB (NYSE:STUB) Target Price at $10.33

Shares of STUB (NYSE:STUB) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.3333.

STUB has been the subject of a number of recent research reports. Bank of America reiterated an “underperform” rating and issued a $7.50 target price (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Guggenheim decreased their price target on shares of STUB from $12.50 to $11.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Morgan Stanley lifted their price objective on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th.

Insider Transactions at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 84,970 shares of STUB stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the completion of the sale, the insider directly owned 110,383 shares in the company, valued at approximately $781,511.64. The trade was a 43.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark Streams sold 150,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $6.76, for a total transaction of $1,014,000.00. Following the transaction, the insider owned 1,404,222 shares of the company’s stock, valued at $9,492,540.72. This represents a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,153,218 shares of company stock worth $8,779,398. Insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in shares of STUB during the 2nd quarter valued at approximately $7,953,000. WINTON GROUP Ltd increased its holdings in STUB by 194.6% in the 2nd quarter. WINTON GROUP Ltd now owns 43,600 shares of the company’s stock worth $561,000 after acquiring an additional 28,800 shares in the last quarter. Rose Capital Advisors LLC acquired a new position in STUB during the second quarter worth $183,000. Comprehensive Financial Management LLC raised its position in STUB by 13.6% during the second quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company’s stock worth $5,026,000 after acquiring an additional 46,808 shares during the period. Finally, Stephens Group LLC lifted its holdings in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after purchasing an additional 673,715 shares in the last quarter.

STUB Stock Down 7.5%

Shares of NYSE STUB opened at $5.31 on Monday. STUB has a 52-week low of $5.28 and a 52-week high of $21.49. The firm has a market capitalization of $2.03 billion and a price-to-earnings ratio of -0.92. The stock has a 50 day moving average price of $7.38 and a 200 day moving average price of $8.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04.

About STUB

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.