STUB’s (NYSE:STUB) Lock-Up Period Will End on March 16th

STUB’s (NYSE:STUB) lock-up period is set to expire on Monday, March 16th. STUB had issued 34,042,553 shares in its initial public offering on September 17th. The total size of the offering was $799,999,996 based on an initial share price of $23.50. After the expiration of STUB’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

STUB has been the topic of several recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a research report on Thursday, March 5th. Guggenheim restated a “buy” rating on shares of STUB in a research note on Tuesday, February 24th. Finally, Craig Hallum initiated coverage on STUB in a report on Thursday, January 29th. They set a “hold” rating and a $12.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.40.

STUB Trading Down 3.6%

Shares of NYSE:STUB opened at $7.94 on Wednesday. STUB has a 1-year low of $7.85 and a 1-year high of $27.89. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. The firm has a market cap of $2.92 billion and a P/E ratio of -13.23.

STUB (NYSE:STUB) last announced its 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 firm had revenue of $449.17 million for the quarter. The firm’s revenue was down 15.8% compared to the same quarter last year.

Institutional Trading of STUB

Hedge funds have recently added to or reduced their stakes in the stock. Aspen Grove Capital LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $166,000. Engineers Gate Manager LP purchased a new stake in shares of STUB during the fourth quarter worth approximately $161,000. Cerity Partners LLC acquired a new stake in shares of STUB during the fourth quarter worth $150,000. The Manufacturers Life Insurance Company purchased a new position in STUB in the 4th quarter valued at $143,000. Finally, Capital Research Global Investors purchased a new position in STUB in the 4th quarter valued at $106,887,000.

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.