Guggenheim Lowers STUB (NYSE:STUB) Price Target to $7.50

STUB (NYSE:STUB) had its price objective decreased by analysts at Guggenheim from $9.00 to $7.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Guggenheim’s price objective would suggest a potential upside of 11.19% from the company’s previous close.

Several other equities analysts also recently commented on STUB. Wedbush reissued a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Craig Hallum started coverage on shares of STUB in a research note on Thursday, January 29th. They set a “hold” rating and a $12.00 target price for the company. Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.00 price objective (down from $22.00) on shares of STUB in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, STUB currently has an average rating of “Hold” and an average target price of $10.75.

STUB Trading Down 1.8%

NYSE:STUB opened at $6.75 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03. STUB has a 12-month low of $6.56 and a 12-month high of $27.89. The stock’s 50-day simple moving average is $10.14. The stock has a market capitalization of $2.41 billion and a PE ratio of -10.22.

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

Insider Activity at STUB

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of the firm’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 transaction, the insider directly owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. This trade represents a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On STUB

Hedge funds have recently bought and sold shares of the business. WestCap Management LLC purchased a new position in shares of STUB in the 4th quarter worth $429,370,000. Capital Research Global Investors purchased a new stake in shares of STUB during the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd bought a new position in shares of STUB in the 4th quarter valued at about $85,192,000. PointState Capital LP grew its position in STUB by 19.9% in the fourth 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. Finally, Capital International Investors purchased a new position in STUB in the fourth quarter worth about $55,235,000.

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.