STUB (NYSE:STUB – Get Free Report) insider Scott Michael Fitzgerald sold 1,613 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $7.57, for a total transaction of $12,210.41. Following the sale, the insider directly owned 93,445 shares in the company, valued at approximately $707,378.65. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Scott Michael Fitzgerald also recently made the following trade(s):
- On Monday, April 13th, Scott Michael Fitzgerald sold 1,619 shares of STUB stock. The stock was sold at an average price of $6.50, for a total transaction of $10,523.50.
- On Wednesday, March 11th, Scott Michael Fitzgerald sold 28,387 shares of STUB stock. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42.
STUB Stock Performance
NYSE STUB opened at $8.86 on Friday. The business’s fifty day moving average is $7.14. The company has a market capitalization of $3.16 billion and a PE ratio of -13.42. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Oppenheimer reduced their price objective 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. Wall Street Zen raised shares of STUB from a “hold” rating to a “buy” rating in a research note on Saturday. Craig Hallum assumed coverage on shares of STUB in a research note on Thursday, January 29th. They issued a “hold” rating and a $12.00 price objective on the stock. Wedbush reissued a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Finally, Guggenheim boosted their price objective on shares of STUB from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.75.
Read Our Latest Stock Report on STUB
STUB News Summary
Here are the key news stories impacting STUB this week:
- Positive Sentiment: StubHub reported Q1 EPS of $0.06, beating estimates and swinging to a profit from a loss a year ago, while revenue rose 12.2% year over year to $446.05 million. StubHub Holdings Earnings Call Signals Profitable Turn
- Positive Sentiment: Management reaffirmed full-year guidance and highlighted improving ticket demand and profitability, reinforcing hopes that the business turnaround is taking hold. StubHub shares pop on Q1 beat, reaffirmed full-year guidance
- Positive Sentiment: JPMorgan raised its price target on STUB to $11.00 from $10.00, signaling improved sentiment even though it kept a neutral rating. STUB (NYSE:STUB) Given New $11.00 Price Target at JPMorgan Chase & Co.
- Positive Sentiment: Morgan Stanley also lifted its target to $8.75, suggesting analysts see more value in the stock after the earnings beat. STUB (NYSE:STUB) Given New $8.75 Price Target at Morgan Stanley
- Neutral Sentiment: An insider sale by Scott Michael Fitzgerald was disclosed, but the trade was relatively small and appears less important than the earnings and guidance news. Scott Michael Fitzgerald Sells 1,613 Shares of STUB (NYSE:STUB) Stock
Institutional Trading of STUB
Institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. bought a new stake in shares of STUB in the first quarter worth $34,000. Garner Asset Management Corp bought a new stake in shares of STUB in the fourth quarter worth $92,000. The Manufacturers Life Insurance Company bought a new stake in shares of STUB in the fourth quarter worth $143,000. International Assets Investment Management LLC acquired a new position in STUB in the fourth quarter valued at $149,000. Finally, Lido Advisors LLC acquired a new position in STUB in the first quarter valued at $69,000.
STUB Company Profile
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.
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