STUB (NYSE:STUB) Cut to Sell at Wall Street Zen

STUB (NYSE:STUB) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other brokerages have also weighed in on STUB. Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a report on Wednesday. Craig Hallum began coverage on shares of STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 price target for the company. Finally, Weiss Ratings assumed coverage on shares of STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, STUB currently has a consensus rating of “Reduce” and an average price target of $12.50.

STUB Trading Up 9.4%

STUB stock opened at $9.32 on Friday. STUB has a 52 week low of $8.30 and a 52 week high of $27.89. The firm has a market capitalization of $3.43 billion and a P/E ratio of -15.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STUB. Garner Asset Management Corp purchased a new stake in STUB during the fourth quarter worth approximately $92,000. The Manufacturers Life Insurance Company purchased a new position in shares of STUB in the 4th quarter valued at $143,000. International Assets Investment Management LLC acquired a new position in shares of STUB during the 4th quarter valued at $149,000. Cerity Partners LLC purchased a new stake in STUB during the 4th quarter worth $150,000. Finally, Engineers Gate Manager LP acquired a new stake in STUB in the 4th quarter valued at $161,000.

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.