STUB (NYSE:STUB) Hits New 52-Week Low – Here’s What Happened

Shares of STUB (NYSE:STUB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.58 and last traded at $6.81, with a volume of 471515 shares changing hands. The stock had previously closed at $6.88.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STUB. Wall Street Zen upgraded STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.00 target price (down from $22.00) on shares of STUB in a research report on Thursday, March 5th. Wedbush reissued a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 18th. Finally, Oppenheimer decreased their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.40.

STUB Trading Down 3.1%

The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $10.36. The firm has a market capitalization of $2.38 billion and a price-to-earnings ratio of -10.10.

STUB (NYSE:STUB) last issued its quarterly earnings data 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 company had revenue of $449.17 million during the quarter. The business’s revenue for the quarter was down 15.8% on a year-over-year basis.

Insider Buying and Selling at STUB

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, the insider directly owned 77,961 shares of the company’s stock, valued at $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Trading of STUB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STUB. Garner Asset Management Corp acquired a new position in STUB in the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company acquired a new stake in shares of STUB during the 4th quarter worth about $143,000. International Assets Investment Management LLC purchased a new stake in shares of STUB during the fourth quarter worth about $149,000. Cerity Partners LLC purchased a new stake in shares of STUB during the fourth quarter worth about $150,000. Finally, Engineers Gate Manager LP acquired a new position in shares of STUB in the fourth quarter valued at approximately $161,000.

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.