STUB (NYSE:STUB) Stock Rating Upgraded by Wall Street Zen

STUB (NYSE:STUB) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently issued reports on STUB. Oppenheimer cut their price target on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday. Guggenheim reaffirmed a “buy” rating on shares of STUB in a report on Tuesday, February 24th. Craig Hallum initiated coverage on shares of STUB in a research note 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 report on Wednesday, February 18th. Finally, Wedbush restated a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.40.

STUB Trading Down 7.0%

STUB stock opened at $8.29 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 1.14. STUB has a 52-week low of $8.06 and a 52-week high of $27.89. The firm has a market cap of $3.05 billion and a price-to-earnings ratio of -13.82.

STUB (NYSE:STUB) last issued 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 firm 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.

Hedge Funds Weigh In On STUB

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

STUB News Roundup

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Seeking Alpha upgrades STUB to Neutral, arguing the post?IPO price collapse makes valuation more compelling and highlighting potential tailwinds from Direct Issuance tech and live?event recovery; still warns of leverage and competitive risk. Read More.
• Neutral Sentiment: Analyst price?target moves show mixed views: Oppenheimer cut its target from $20 to $12 but kept an Outperform rating (still implying upside at current levels). This is a partial vote of confidence amid lowered expectations. Read More.
• Neutral Sentiment: Valuation writeups and market commentaries are dissecting whether the Q4 drop creates a buying opportunity; these pieces increase investor focus but don’t change the underlying earnings miss or leverage concerns. Read More.
• Negative Sentiment: Wedbush downgraded STUB to Neutral from Outperform after Q4 results missed estimates and visibility into growth from direct ticket issuance weakened; they also cut their price target significantly (from $18 to $10). Read More.
• Negative Sentiment: JPMorgan reiterated a Neutral rating but slashed its price target to $10 from $22, signaling reduced confidence in near?term recovery and lowering the analyst support level for the shares. Read More.
• Negative Sentiment: Multiple firms cut earnings forecasts and models after the Q4 miss; that analyst broadside amplified selling pressure and contributed to the stock hitting a record low intraday. Read More.
• Negative Sentiment: Headline financials: a large reported loss (? $535M including tax provision), declining GMS and revenue softness were centerpieces of the earnings call and are weighing on sentiment as investors fret about profitability and regulatory/tax volatility. Read More.
• Negative Sentiment: Market reaction: heavy volume and rapid downgrades drove the share price lower as traders priced in slower recovery, event concentration risk and a materially higher near?term risk premium. Read More.

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.