STUB (NYSE:STUB) Price Target Cut to $10.00 by Analysts at TD Cowen

STUB (NYSE:STUB) had its target price cut by TD Cowen from $12.00 to $10.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer dropped their target price on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. UBS Group set a $7.50 price objective on shares of STUB in a report on Thursday, August 13th. Bank of America cut STUB from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $11.00 to $7.50 in a research report on Thursday, August 13th. Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $9.00 to $7.00 in a report on Friday, September 18th. Finally, Weiss Ratings downgraded STUB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.75.

STUB Trading Up 5.1%

STUB stock traded up $0.26 on Friday, reaching $5.31. The company’s stock had a trading volume of 8,380,859 shares, compared to its average volume of 6,118,248. The business has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $8.12. STUB has a 12-month low of $5.03 and a 12-month high of $16.63. The firm has a market cap of $2.03 billion, a PE ratio of -3.69, a PEG ratio of 0.63 and a beta of 3.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04.

STUB (NYSE:STUB) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $501.95 million during the quarter. STUB had a negative net margin of 25.29% and a positive return on equity of 1.91%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($4.27) EPS. As a group, research analysts forecast that STUB will post 0.29 EPS for the current year.

Insider Buying and Selling at STUB

In other news, insider Nayaab Islam sold 14,306 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $6.20, for a total transaction of $88,697.20. Following the sale, the insider owned 7,996,986 shares in the company, valued at $49,581,313.20. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Streams sold 135,589 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the completion of the transaction, the insider owned 1,225,976 shares of the company’s stock, valued at approximately $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 991,338 shares of company stock worth $6,692,030 over the last three months. Corporate insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in shares of STUB during the third quarter valued at $33,000. Royce & Associates LP bought a new stake in STUB in the 3rd quarter worth about $144,000. Russell Investments Group Ltd. increased its holdings in STUB by 80.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 32,163 shares of the company’s stock worth $179,000 after buying an additional 14,301 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in STUB by 9.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 58,500 shares of the company’s stock worth $326,000 after buying an additional 5,000 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in STUB in the 3rd quarter worth about $1,672,000.

STUB Company Profile

StubHub Holdings, Inc. operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale. The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.