Wall Street Zen Upgrades STUB (NYSE:STUB) to Buy

STUB (NYSE:STUB) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other brokerages have also recently issued reports on STUB. BMO Capital Markets cut shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Morgan Stanley raised their price target on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Citigroup reiterated a “neutral” rating on shares of STUB in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

STUB Trading Down 0.2%

Shares of NYSE STUB opened at $9.23 on Friday. The business’s 50 day moving average price is $10.60. The company has a market capitalization of $3.46 billion and a price-to-earnings ratio of -15.38. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

STUB (NYSE:STUB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts forecast that STUB will post 0.56 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On STUB

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised its position in STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after purchasing an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of STUB during the fourth quarter worth about $1,044,000. Garner Asset Management Corp bought a new stake in shares of STUB during the fourth quarter worth about $92,000. International Assets Investment Management LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $149,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of STUB in the fourth quarter valued at approximately $1,015,000.

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.