STUB (NYSE:STUB) Stock Price Up 7.4% – Time to Buy?

STUB (NYSE:STUB) shot up 7.4% on Monday . The stock traded as high as $9.41 and last traded at $9.4720. 3,350,889 shares were traded during trading, a decline of 21% from the average session volume of 4,216,530 shares. The stock had previously closed at $8.82.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup raised STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Wall Street Zen raised STUB from a “hold” rating to a “buy” rating in a report on Saturday. Craig Hallum assumed coverage on STUB in a report on Thursday, January 29th. They set a “hold” rating and a $12.00 price target for the company. Morgan Stanley boosted their price objective on STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.75.

STUB Price Performance

The firm has a 50 day moving average price of $7.14. The company has a market capitalization of $3.33 billion and a P/E ratio of -14.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.

STUB (NYSE:STUB) last released 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 company had revenue of $446.05 million for the quarter. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that STUB will post 0.49 earnings per share for the current year.

Insider Buying and Selling at STUB

In other news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the sale, the insider owned 1,114,001 shares in the company, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Michael Fitzgerald sold 28,387 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 77,961 shares in the company, valued at approximately $597,181.26. This represents a 26.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 264,186 shares of company stock valued at $2,342,584 over the last three months.

Institutional Investors Weigh In On STUB

Several institutional investors have recently modified their holdings of STUB. WestCap Management LLC acquired a new position in STUB in the fourth quarter valued at approximately $429,370,000. Capital Research Global Investors acquired a new stake in STUB during the 4th quarter worth $106,887,000. Index Venture Associates III Ltd bought a new stake in shares of STUB during the 4th quarter valued at $85,192,000. PointState Capital LP lifted its stake in shares of STUB by 19.9% in the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after purchasing an additional 4,117,332 shares during the period. Finally, Capital International Investors acquired a new position in shares of STUB in the 4th quarter valued at $55,235,000.

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.