STUB (NYSE:STUB) Upgraded by Wall Street Zen to Buy Rating

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

STUB has been the subject of a number of other reports. Guggenheim reiterated a “buy” rating on shares of STUB in a report on Friday, June 12th. JPMorgan Chase & Co. increased their price target on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley lifted their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, BMO Capital Markets cut shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

STUB Stock Down 4.2%

Shares of STUB opened at $9.23 on Friday. The stock has a market cap of $3.46 billion and a P/E ratio of -15.38. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. 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’s 50 day simple moving average is $10.60.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. STUB’s quarterly revenue was up 12.2% on a year-over-year basis. Research analysts forecast that STUB will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total value of $2,102,405.68. Following the completion of the sale, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nayaab Islam sold 54,801 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.03, for a total transaction of $714,057.03. Following the completion of the transaction, the insider owned 8,454,764 shares of the company’s stock, valued at $110,165,574.92. This represents a 0.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 413,647 shares of company stock worth $4,401,046 over the last ninety days. Insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

A number of hedge funds and other institutional investors have recently made changes to their positions in STUB. Pittenger & Anderson Inc. acquired a new stake in shares of STUB in the 1st quarter valued at about $34,000. 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 worth $39,000 after buying an additional 4,214 shares during the last quarter. Lido Advisors LLC acquired a new position in STUB during the first quarter worth approximately $69,000. Garner Asset Management Corp purchased a new stake in STUB in the fourth quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in STUB in the fourth quarter valued at approximately $143,000.

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.