Guggenheim Cuts STUB (NYSE:STUB) Price Target to $7.50

STUB (NYSE:STUB) had its price objective lowered by Guggenheim from $9.00 to $7.50 in a research note released on Wednesday,Benzinga reports. Guggenheim currently has a neutral rating on the stock.

Several other equities research analysts also recently commented on the stock. Weiss Ratings initiated coverage on shares of STUB in a research report on Wednesday, January 14th. They issued a “sell (d-)” rating for the company. Oppenheimer cut their target price on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Craig Hallum assumed coverage on STUB in a report on Thursday, January 29th. They issued a “hold” rating and a $12.00 target price for the company. Citigroup raised STUB from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.75.

STUB Trading Down 4.8%

NYSE STUB opened at $6.42 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. STUB has a 1 year low of $6.39 and a 1 year high of $27.89. The firm has a market cap of $2.29 billion and a P/E ratio of -9.72. The business’s 50-day moving average is $9.95.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, March 4th. The company reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The business had revenue of $449.17 million for the quarter. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis.

Insider Activity

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of STUB stock in a transaction on 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 owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. This trade represents a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On STUB

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Garner Asset Management Corp acquired a new stake in shares of STUB during the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company bought a new position in STUB during the fourth quarter valued at approximately $143,000. International Assets Investment Management LLC acquired a new stake in STUB in the fourth quarter valued at approximately $149,000. Cerity Partners LLC acquired a new stake in STUB in the fourth quarter valued at approximately $150,000. Finally, Engineers Gate Manager LP bought a new stake in STUB in the fourth quarter worth approximately $161,000.

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.