STUB (NYSE:STUB) Receives Average Rating of “Hold” from Brokerages

Shares of STUB (NYSE:STUB) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.50.

Several brokerages recently weighed in on STUB. UBS Group assumed coverage on shares of STUB in a report on Tuesday, May 19th. They issued a “neutral” rating for the company. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research report on Tuesday, May 19th. Wall Street Zen lowered STUB from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley lifted their target price on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Finally, HSBC raised STUB to a “buy” rating in a report on Tuesday, May 19th.

STUB Price Performance

STUB opened at $13.58 on Wednesday. The company has a market capitalization of $5.10 billion and a price-to-earnings ratio of -22.64. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The stock has a 50 day moving average price of $10.11. 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 (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (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. STUB’s revenue was up 12.2% compared to the same quarter last year. Equities analysts anticipate that STUB will post 0.56 earnings per share for the current year.

Trending Headlines about STUB

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders, including Nayaab Islam and Mark Streams, have sold shares in recent days, with the largest disclosed sale being 54,801 shares by Islam. Although the trades were made under pre-arranged 10b5-1 plans, the volume of selling may weigh on sentiment. STUB insider selling alert
• Negative Sentiment: StubHub is reportedly being probed in Texas over alleged “ghost ticketing” charges, creating a potential legal and reputational headwind for STUB. StubHub under investigation in Texas over ghost ticketing charges
• Neutral Sentiment: Recent quarterly results were solid, with earnings of $0.06 per share beating expectations and revenue rising 12.2% year over year, which provides some fundamental support even as sentiment is being driven by insider activity and the investigation. STUB quarterly results and stock information

Insider Activity at STUB

In other news, insider Nayaab Islam sold 54,801 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.03, for a total value of $714,057.03. Following the transaction, the insider owned 8,454,764 shares of the company’s stock, valued at approximately $110,165,574.92. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 28,531 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62. Following the transaction, the insider owned 1,561,122 shares of the company’s stock, valued at approximately $20,325,808.44. This represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 412,066 shares of company stock worth $4,366,738. Company insiders own 30.97% of the company’s stock.

Hedge Funds Weigh In On STUB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WestCap Management LLC bought a new stake in STUB in the 4th quarter worth approximately $429,370,000. PointState Capital LP raised its holdings in shares of STUB by 19.9% during the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after acquiring an additional 4,117,332 shares in the last quarter. Capital Research Global Investors bought a new position in shares of STUB during the 4th quarter valued at approximately $106,887,000. Index Venture Associates III Ltd purchased a new position in shares of STUB in the fourth quarter valued at $85,192,000. Finally, Capital International Investors purchased a new position in shares of STUB in the fourth quarter valued at $55,235,000.

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.