STUB (NYSE:STUB) Downgraded by Wall Street Zen to Hold

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

Several other equities research analysts also recently commented on the company. Citigroup assumed coverage on STUB in a report on Tuesday, May 19th. They set a “buy” rating on the stock. Wedbush reiterated a “neutral” rating and set a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Oppenheimer dropped their target price on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of STUB in a report on Thursday, June 4th. Finally, Sanford C. Bernstein upgraded STUB to an “outperform” rating in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, STUB currently has an average rating of “Hold” and an average price target of $11.50.

STUB Price Performance

STUB stock opened at $11.37 on Friday. The stock has a 50-day moving average price of $8.24. The stock has a market cap of $4.27 billion and a P/E ratio of -18.95. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. STUB has a 12 month low of $5.74 and a 12 month high of $27.89.

STUB (NYSE:STUB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts anticipate that STUB will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other STUB news, insider Mark Streams sold 232,567 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was 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 $10,070,569.04. This trade represents a 17.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 236,666 shares of company stock worth $2,134,096.

Institutional Investors Weigh In On STUB

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares in the last quarter. Ardmore Road Asset Management LP grew its stake in STUB by 25.0% during the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after purchasing an additional 5,000 shares in the last quarter. Pittenger & Anderson Inc. acquired a new stake in STUB during the 1st quarter valued at approximately $34,000. Cornerstone Wealth Management LLC grew its stake in STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after purchasing an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new stake in STUB during the 4th quarter valued at approximately $92,000.

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.