STUB (NYSE:STUB) Stock Has Consensus Price Target of $10.17 According to Analysts

Shares of STUB (NYSE:STUB) have been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.17.

A number of analysts have recently weighed in on STUB shares. Citigroup upgraded shares of STUB from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $9.00 to $7.00 in a research note on Friday, September 18th. Oppenheimer reduced their target price on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Guggenheim decreased their target price on shares of STUB from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Bank of America reaffirmed an “underperform” rating and issued a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Finally, Mizuho set a $11.00 price target on shares of STUB in a report on Friday, August 14th.

STUB Stock Performance

STUB opened at $5.76 on Friday. STUB has a 12-month low of $5.22 and a 12-month high of $21.49. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $2.20 billion and a PE ratio of -1.00. The firm has a 50 day moving average of $6.36 and a two-hundred day moving average of $8.19.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The business had revenue of $573.07 million for the quarter. STUB had a negative net margin of 93.54% and a negative return on equity of 9.50%. On average, analysts anticipate that STUB will post 0.38 EPS for the current year.

Insider Buying and Selling

In other news, insider Nayaab Islam sold 219,736 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total value of $1,489,810.08. Following the sale, the insider owned 8,232,228 shares in the company, valued at $55,814,505.84. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Constance P. James sold 116,644 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $7.06, for a total value of $823,506.64. Following the sale, the chief financial officer directly owned 349,934 shares in the company, valued at approximately $2,470,534.04. This trade represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 991,338 shares of company stock worth $6,692,030. Corporate insiders own 30.97% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rokos Capital Management LLP boosted its stake in shares of STUB by 40.4% during the 1st quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after acquiring an additional 616,892 shares in the last quarter. Stephens Group LLC increased its stake in shares of STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after purchasing an additional 673,715 shares in the last quarter. Pine Ridge Advisers LLC purchased a new position in shares of STUB in the 1st quarter valued at about $4,117,000. Sequoia Financial Advisors LLC acquired a new position in STUB in the 2nd quarter worth about $7,953,000. Finally, Bank of America Corp DE raised its holdings in STUB by 396.1% in the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after purchasing an additional 457,321 shares during the period.

About STUB

StubHub Holdings, Inc operates online ticket marketplaces that connect buyers and sellers of tickets for live events. Through the StubHub and viagogo platforms, the company offers tickets to sporting events, concerts, theater productions, festivals and other entertainment experiences. Its services generally include ticket discovery, digital transactions, delivery and customer support.

StubHub was founded in 2000 by Eric Baker and Jeff Fluhr. eBay acquired the company in 2007, and StubHub was later sold to viagogo in 2020.