STUB (NYSE:STUB) Price Target Cut to $12.00 by Analysts at Oppenheimer

STUB (NYSE:STUB) had its price target dropped by analysts at Oppenheimer from $20.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 34.68% from the stock’s current price.

A number of other brokerages have also recently issued reports on STUB. Wall Street Zen cut shares of STUB from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Craig Hallum initiated coverage on shares of STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 price target for the company. Guggenheim reiterated a “buy” rating on shares of STUB in a research report on Tuesday, February 24th. Citigroup raised STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 target price (down from $22.00) on shares of STUB in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.40.

STUB Price Performance

NYSE:STUB traded down $1.26 on Thursday, reaching $8.91. 10,976,132 shares of the company’s stock were exchanged, compared to its average volume of 3,602,938. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $3.28 billion and a PE ratio of -14.85. STUB has a 52 week low of $8.06 and a 52 week high of $27.89.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The firm had revenue of $449.17 million for the quarter. STUB’s quarterly revenue was down 15.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised its stake in shares of STUB by 56,638.1% during the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of STUB during the 4th quarter valued at $1,044,000. Garner Asset Management Corp purchased a new position in STUB in the 4th quarter worth $92,000. International Assets Investment Management LLC bought a new stake in STUB in the fourth quarter worth $149,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in STUB in the fourth quarter worth $1,015,000.

Trending Headlines about STUB

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Balance-sheet and institutional support: cash & equivalents rose to about $1.24B (up ~24% YoY) and several large institutional investors added shares in Q4 — positives for liquidity and potential long-term holder support. Quiver Quant: STUB Q4 coverage
• Neutral Sentiment: Analyst ratings held but targets cut: Wedbush and JPMorgan reaffirmed neutral/overweight-style stances but trimmed price targets to $10 (from $18 and $22), which reduces upside expectations even as coverage remains. Benzinga: Analysts cut forecasts
• Negative Sentiment: Big Q4 miss and GAAP loss: reported EPS of -$1.56 vs. consensus around -$0.01 and revenue $449.2M (down ~15.8% YoY and below estimates). The quarter included a roughly $493M nonrecurring tax provision that drove a large headline loss, damaging near?term sentiment. MarketBeat: STUB earnings report
• Negative Sentiment: Analysts and forecasts turned more cautious: several firms trimmed estimates and targets after the Q4 results, amplifying downside pressure as sell?side expectations fall. Benzinga: Analysts cut forecasts
• Negative Sentiment: Market reaction and technical pressure: heavy put buying was observed and the stock extended to record lows as sellers dominated after the print. Schaeffers: STUB hits record lows
• Negative Sentiment: Operating cash flow and profitability signals weakened: cash from operations fell sharply year-over-year and operating loss widened, raising concerns about near-term free cash flow generation. Quiver Quant: Financials detail

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.