STUB (NYSE:STUB) Stock Price Up 7.9% – Here’s What Happened

STUB (NYSE:STUB) traded up 7.9% on Friday . The stock traded as high as $11.43 and last traded at $11.4630. 5,402,812 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 4,518,285 shares. The stock had previously closed at $10.62.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Wall Street Zen raised STUB from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research report on Friday. Finally, BMO Capital Markets downgraded STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.50.

STUB Price Performance

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $8.13. The company has a market capitalization of $4.27 billion and a P/E ratio of -18.95.

STUB (NYSE:STUB) last released 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. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that STUB will post 0.48 earnings per share for the current year.

Insider Activity at STUB

In related news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $9.04, for a total value of $2,102,405.68. Following the transaction, the insider owned 1,114,001 shares in the company, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 235,799 shares of company stock valued at $2,125,140 in the last 90 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. acquired a new position in shares of STUB in the first quarter worth about $34,000. Royal Bank of Canada lifted its stake in shares of STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares in the last quarter. Garner Asset Management Corp acquired a new position in shares of STUB in the fourth quarter worth about $92,000. The Manufacturers Life Insurance Company acquired a new position in shares of STUB in the fourth quarter worth about $143,000. Finally, International Assets Investment Management LLC acquired a new position in shares of STUB in the fourth quarter worth about $149,000.

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.