Brokerages Set STUB (NYSE:STUB) PT at $11.50

Shares of STUB (NYSE:STUB) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $11.50.

A number of analysts recently weighed in on STUB shares. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. BMO Capital Markets downgraded STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. HSBC upgraded STUB to a “buy” rating in a research report on Tuesday, May 19th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. boosted their target price on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th.

Insider Buying and Selling at STUB

In other STUB news, insider Mark Streams sold 28,531 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the sale, the insider owned 1,561,122 shares of the company’s stock, valued at approximately $20,325,808.44. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total transaction of $39,228.00. Following the completion of the transaction, the insider directly owned 8,451,964 shares of the company’s stock, valued at $118,412,015.64. This trade represents a 0.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 413,647 shares of company stock valued at $4,401,046 in the last quarter. Corporate insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Hedge funds have recently bought and sold shares of the stock. Pittenger & Anderson Inc. bought a new stake in STUB in the 1st quarter valued at approximately $34,000. Royal Bank of Canada grew its stake in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new stake in shares of STUB in the first quarter valued at approximately $69,000. Garner Asset Management Corp acquired a new stake in shares of STUB in the fourth quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of STUB in the fourth quarter worth $143,000.

STUB Price Performance

Shares of STUB stock opened at $9.02 on Friday. The stock’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $9.45. STUB has a one year low of $5.74 and a one year high of $27.89. The firm has a market cap of $3.38 billion and a price-to-earnings ratio of -15.03. 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 posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. STUB’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect that STUB will post 0.48 earnings per share for the current fiscal year.

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.