STUB’s (STUB) Underperform Rating Reiterated at Bank of America

Bank of America reissued their underperform rating on shares of STUB (NYSE:STUB) in a research note released on Thursday morning, MarketBeat.com reports. They currently have a $7.50 price objective on the stock, down from their previous price objective of $11.00.

STUB has been the subject of a number of other research reports. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen raised STUB from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. UBS Group set a $7.50 target price on STUB in a research report on Thursday. Finally, Morgan Stanley lifted their target price on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, STUB has a consensus rating of “Hold” and a consensus target price of $10.73.

STUB Stock Performance

Shares of NYSE STUB opened at $8.02 on Thursday. The stock has a market cap of $3.01 billion and a PE ratio of -1.40. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a fifty day moving average price of $10.35 and a 200-day moving average price of $9.21. 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 earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. STUB had a negative net margin of 93.54% and a negative return on equity of 9.73%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts anticipate that STUB will post 0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at STUB

In other STUB news, insider Mark Streams sold 28,531 shares of the business’s stock in a transaction 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 sale, the insider owned 1,561,122 shares in the company, valued at $20,325,808.44. The trade was a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 54,801 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.03, for a total transaction of $714,057.03. Following the transaction, the insider directly owned 8,454,764 shares of the company’s stock, valued at $110,165,574.92. This trade represents a 0.64% 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 179,467 shares of company stock valued at $2,286,430 over the last ninety days. 30.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On STUB

Several large investors have recently made changes to their positions in STUB. CWM LLC lifted its position in shares of STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after buying an additional 276,394 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in STUB during the 4th quarter valued at approximately $1,044,000. Garner Asset Management Corp purchased a new position in STUB during the 4th quarter valued at approximately $92,000. International Assets Investment Management LLC bought a new stake in STUB in the 4th quarter worth approximately $149,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in STUB in the 4th quarter worth approximately $1,015,000.

Trending Headlines about STUB

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Second-quarter revenue reached approximately $573 million, above analysts’ $532 million estimate, while gross merchandise sales benefited from strong World Cup ticket demand. The sales performance suggests continued customer demand and operating scale potential. StubHub’s Q2 Gross Merchandise Sales Beat Driven by World Cup, BofA Securities Says
• Positive Sentiment: Evercore ISI analyst Mark Mahaney maintained a Buy rating, citing StubHub’s asset-light model, execution potential and valuation after the selloff. Mark Mahaney Initiates StubHub With Buy Rating
• Neutral Sentiment: The earnings call and market commentary indicate that the World Cup created a major temporary sales boost, but investors remain uncertain whether StubHub can sustain growth and improve margins after the event. StubHub’s World Cup boom masks tougher road ahead
• Negative Sentiment: StubHub reported roughly breakeven earnings per share, missing the $0.09 consensus estimate despite the revenue beat. Costs outpaced revenue growth, erasing the expected profit boom and raising concerns about persistent profitability problems. StubHub Stock Sinks After Ticket Reseller Fails to Post Profit
• Negative Sentiment: A World Cup ticketing partnership reportedly left some customers unable to access stadiums, triggering negative publicity, litigation and potential reputational damage. StubHub tanks as World Cup ticket fiasco wipes out profit boom
• Negative Sentiment: Bank of America reaffirmed its Underperform rating and reduced its price target to $7.50 from $11, citing profitability challenges, rising costs and regulatory uncertainty. StubHub’s Post-IPO Hangover Deepens
• Negative Sentiment: Block & Leviton announced an investigation into potential securities-law violations, adding another source of legal uncertainty for shareholders. StubHub Securities Law Investigation

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.