Brokerages Set STUB (NYSE:STUB) Target Price at $11.50

Shares of STUB (NYSE:STUB) have earned an average recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.50.

STUB has been the subject of a number of recent analyst reports. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. 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. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research report on Tuesday, May 19th. HSBC upgraded shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Finally, Oppenheimer lowered their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th.

STUB Trading Down 1.2%

Shares of NYSE STUB opened at $11.36 on Friday. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company has a market capitalization of $4.27 billion and a P/E ratio of -18.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50-day moving average of $8.54.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. STUB’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that STUB will post 0.56 earnings per share for the current year.

Insider Activity

In other news, insider Nayaab Islam sold 16,720 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $11.37, for a total transaction of $190,106.40. Following the completion of the transaction, the insider directly owned 8,563,444 shares of the company’s stock, valued at $97,366,358.28. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 232,567 shares of the stock in a transaction 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 transaction, the insider owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. The trade was a 17.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 253,386 shares of company stock valued at $2,324,202 over the last ninety days. 30.97% of the stock is owned by insiders.

Institutional Trading of STUB

A number of large investors have recently added to or reduced their stakes in STUB. CWM LLC lifted its stake in STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after acquiring an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of STUB in the fourth quarter valued at approximately $1,044,000. Garner Asset Management Corp acquired a new position in shares of STUB in the 4th quarter valued at approximately $92,000. International Assets Investment Management LLC acquired a new position in shares of STUB in the 4th quarter valued at approximately $149,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in STUB during the fourth quarter worth about $1,015,000.

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.