68,745 Shares in STUB $STUB Acquired by Thrive Capital Management LLC

Thrive Capital Management LLC purchased a new position in shares of STUB (NYSE:STUB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 68,745 shares of the company’s stock, valued at approximately $1,158,000. STUB comprises 0.3% of Thrive Capital Management LLC’s holdings, making the stock its 5th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after buying an additional 276,394 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in STUB during the 4th quarter worth approximately $1,015,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of STUB in the 4th quarter valued at approximately $1,044,000. International Assets Investment Management LLC purchased a new position in shares of STUB in the 4th quarter valued at approximately $149,000. Finally, Cornerstone Wealth Management LLC grew its stake in shares of STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after purchasing an additional 6,070 shares during the last quarter.

STUB Trading Up 0.1%

Shares of STUB opened at $9.99 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $7.30. The stock has a market cap of $3.56 billion and a price-to-earnings ratio of -16.65. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that STUB will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STUB. Morgan Stanley lifted their target price on STUB from $8.25 to $8.75 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Guggenheim upgraded STUB from a “neutral” rating to a “buy” rating and lifted their target price for the company from $8.50 to $12.50 in a research note on Tuesday, May 19th. UBS Group began coverage on STUB in a research note on Tuesday, May 19th. They issued a “neutral” rating on the stock. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research note on Tuesday, May 19th. Finally, Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Five 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.32.

Insider Activity at STUB

In other news, insider Mark Streams sold 232,567 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. This trade represents a 17.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Michael Fitzgerald sold 28,387 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. This represents a 26.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 264,186 shares of company stock valued at $2,342,584 over the last three months.

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.