STUB (NYSE:STUB) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of STUB (NYSE:STUB) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Several other equities research analysts have also issued reports on STUB. Guggenheim raised their target price on shares of STUB from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley raised their target price on shares of STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a report on Thursday. Wedbush restated 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 shares of STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Finally, Craig Hallum initiated coverage on shares of STUB in a report on Thursday, January 29th. They issued a “hold” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.75.

STUB Trading Up 3.6%

STUB stock opened at $8.86 on Friday. The business has a 50-day moving average price of $7.14. The company has a market cap of $3.16 billion and a price-to-earnings ratio of -13.42. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. STUB has a 12-month low of $5.74 and a 12-month high of $27.89.

STUB (NYSE:STUB) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. STUB’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that STUB will post 0.49 earnings per share for the current fiscal year.

Insider Transactions at STUB

In related news, insider Mark Streams sold 232,567 shares of STUB stock in a transaction dated Thursday, May 14th. The shares were 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. This trade represents a 17.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Michael Fitzgerald sold 28,387 shares of STUB stock in a transaction dated Wednesday, March 11th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 264,186 shares of company stock valued at $2,342,584 in the last quarter.

Institutional Investors Weigh In On STUB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WestCap Management LLC bought a new stake in shares of STUB in the 4th quarter valued at about $429,370,000. PointState Capital LP raised its holdings 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 in the last quarter. Capital Research Global Investors bought a new stake in shares of STUB in the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd bought a new stake in shares of STUB in the 4th quarter valued at about $85,192,000. Finally, Capital International Investors bought a new stake in shares of STUB in the 4th quarter valued at about $55,235,000.

Trending Headlines about STUB

Here are the key news stories impacting STUB this week:

• Positive Sentiment: StubHub reported Q1 EPS of $0.06, beating estimates and swinging to a profit from a loss a year ago, while revenue rose 12.2% year over year to $446.05 million. StubHub Holdings Earnings Call Signals Profitable Turn
• Positive Sentiment: Management reaffirmed full-year guidance and highlighted improving ticket demand and profitability, reinforcing hopes that the business turnaround is taking hold. StubHub shares pop on Q1 beat, reaffirmed full-year guidance
• Positive Sentiment: JPMorgan raised its price target on STUB to $11.00 from $10.00, signaling improved sentiment even though it kept a neutral rating. STUB (NYSE:STUB) Given New $11.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley also lifted its target to $8.75, suggesting analysts see more value in the stock after the earnings beat. STUB (NYSE:STUB) Given New $8.75 Price Target at Morgan Stanley
• Neutral Sentiment: An insider sale by Scott Michael Fitzgerald was disclosed, but the trade was relatively small and appears less important than the earnings and guidance news. Scott Michael Fitzgerald Sells 1,613 Shares of STUB (NYSE:STUB) Stock

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.