STUB (NYSE:STUB) Trading Down 4.5% – Here’s Why

STUB (NYSE:STUB) fell 4.5% on Monday . The company traded as low as $6.17 and last traded at $6.15. 712,489 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,093,176 shares. The stock had previously closed at $6.44.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STUB. Oppenheimer dropped their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Wedbush reiterated 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.00 target price (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen upgraded STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.75.

STUB Stock Up 2.6%

The company has a market cap of $2.36 billion and a PE ratio of -10.03. The stock’s fifty day simple moving average is $8.77. 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 (NYSE:STUB) last released its earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share (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% on a year-over-year basis.

Insider Transactions at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of STUB stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. The trade was a 26.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of STUB

A number of institutional investors have recently bought and sold shares of STUB. CWM LLC lifted its holdings in STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after buying an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in STUB during the 4th quarter worth about $1,044,000. Garner Asset Management Corp purchased a new stake in STUB during the 4th quarter worth about $92,000. International Assets Investment Management LLC purchased a new stake in STUB during the 4th quarter worth about $149,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in STUB during the 4th quarter worth about $1,015,000.

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.