STUB (NYSE:STUB) Receives $10.75 Average Target Price from Analysts

STUB (NYSE:STUB) has received an average rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.75.

A number of equities research analysts have recently commented on STUB shares. Guggenheim dropped their target price on STUB from $9.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Wall Street Zen raised STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Craig Hallum began coverage on STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 price target on the stock. Weiss Ratings began coverage on STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. Finally, Wedbush restated a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a research report on Thursday, March 5th.

Insider Buying and Selling

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the sale, the insider owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. The trade was a 26.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of STUB

Several institutional investors have recently modified their holdings of the stock. Galaxy Group Investments LLC purchased a new stake in shares of STUB during the fourth quarter worth about $4,488,000. Empowered Funds LLC purchased a new position in STUB in the 4th quarter valued at about $1,657,000. PointState Capital LP boosted its holdings in STUB by 19.9% in the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after buying an additional 4,117,332 shares during the last quarter. Moore Capital Management LP acquired a new stake in STUB in the 4th quarter worth about $5,666,000. Finally, Engineers Gate Manager LP purchased a new stake in STUB during the 4th quarter worth approximately $161,000.

STUB Price Performance

NYSE:STUB opened at $6.46 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. The stock has a market cap of $2.30 billion and a price-to-earnings ratio of -9.78. The company’s 50 day moving average price is $9.07. STUB has a 1-year low of $5.85 and a 1-year high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.55). The company had revenue of $449.17 million for the quarter. The company’s revenue was down 15.8% compared to the same quarter last year.

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.