STUB (NYSE:STUB) Trading Down 13.4% – Time to Sell?

STUB (NYSE:STUB)’s share price fell 13.4% during trading on Tuesday . The stock traded as low as $11.21 and last traded at $11.33. 2,495,005 shares were traded during mid-day trading, a decline of 19% from the average session volume of 3,062,465 shares. The stock had previously closed at $13.09.

Wall Street Analyst Weigh In

STUB has been the subject of several recent analyst reports. Wall Street Zen lowered STUB from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Citigroup began coverage on shares of STUB in a research note on Tuesday, January 20th. They set a “sell” rating and a $13.00 price objective for the company. Craig Hallum assumed coverage on shares of STUB in a report on Thursday, January 29th. They issued a “hold” rating and a $12.00 target price for the company. Finally, Weiss Ratings initiated coverage on shares of STUB in a report on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Sell” and a consensus price target of $12.50.

STUB Stock Performance

The firm has a market cap of $4.12 billion and a PE ratio of -18.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.14 and a current ratio of 1.14.

Institutional Investors Weigh In On STUB

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of STUB in the 4th quarter worth $149,000. Garner Asset Management Corp bought a new position in STUB in the fourth quarter valued at about $92,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in STUB in the fourth quarter worth about $1,044,000. Finally, CWM LLC grew its stake in shares of STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after purchasing an additional 276,394 shares during the period.

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.