STUB (NYSE:STUB) Given Consensus Recommendation of “Hold” by Analysts

STUB (NYSE:STUB) has earned an average rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.50.

Several analysts have recently issued reports on STUB shares. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley upped their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Oppenheimer reduced their target price on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, HSBC upgraded shares of STUB to a “buy” rating in a research report on Tuesday, May 19th.

STUB Stock Up 7.1%

NYSE:STUB opened at $11.37 on Friday. The company has a market cap of $4.27 billion and a price-to-earnings ratio of -18.95. The company has a fifty day moving average of $8.24. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business 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 anticipate that STUB will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark Streams sold 232,567 shares of the 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 transaction, the insider owned 1,114,001 shares in the company, valued at approximately $10,070,569.04. This represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 236,666 shares of company stock worth $2,134,096 in the last three months.

Hedge Funds Weigh In On STUB

Institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. purchased a new stake in STUB during the first quarter valued at about $34,000. Royal Bank of Canada lifted its holdings in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares during the last quarter. Garner Asset Management Corp purchased a new stake in STUB during the fourth quarter valued at about $92,000. The Manufacturers Life Insurance Company purchased a new stake in STUB during the fourth quarter valued at about $143,000. Finally, International Assets Investment Management LLC purchased a new stake in STUB during the fourth quarter valued at about $149,000.

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.