STUB (NYSE:STUB) Sets New 12-Month Low – Here’s What Happened

STUB (NYSE:STUB) shares reached a new 52-week low on Monday . The stock traded as low as $6.22 and last traded at $6.27, with a volume of 266385 shares traded. The stock had previously closed at $6.41.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on STUB shares. Wall Street Zen upgraded STUB from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Wedbush reiterated a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Oppenheimer lowered their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Finally, Citigroup raised STUB from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, STUB has an average rating of “Hold” and a consensus price target of $10.75.

STUB Trading Up 2.1%

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. The stock has a market cap of $2.22 billion and a PE ratio of -9.42. The stock has a 50-day moving average price of $9.59.

STUB (NYSE:STUB) last announced its quarterly 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 business 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.

Insider Buying and Selling

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of STUB stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the sale, the insider owned 77,961 shares of the company’s stock, valued at $597,181.26. The trade was a 26.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STUB. Ardmore Road Asset Management LP raised its stake in shares of STUB by 25.0% during the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after purchasing an additional 5,000 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after buying an additional 6,070 shares in the last quarter. Garner Asset Management Corp acquired a new position in STUB during the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company acquired a new position in STUB during the 4th quarter valued at about $143,000. Finally, International Assets Investment Management LLC bought a new stake in shares of STUB during the 4th quarter worth about $149,000.

About STUB

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.