STUB $STUB Stock Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of STUB (NYSE:STUB) by 46.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 505,160 shares of the company’s stock after acquiring an additional 160,333 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.13% of STUB worth $2,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of STUB. Nisa Investment Advisors LLC lifted its holdings in shares of STUB by 135.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company’s stock worth $27,000 after purchasing an additional 2,738 shares in the last quarter. Royal Bank of Canada increased its stake in STUB by 194.4% during the 1st 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 in the last quarter. Pittenger & Anderson Inc. bought a new stake in STUB during the 1st quarter valued at $34,000. Sterling Capital Management LLC raised its holdings in STUB by 848.2% during the third quarter. Sterling Capital Management LLC now owns 7,434 shares of the company’s stock worth $41,000 after buying an additional 6,650 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in STUB by 18.1% during the third quarter. Pinnacle Associates Ltd. now owns 56,329 shares of the company’s stock worth $314,000 after buying an additional 8,629 shares during the last quarter.

STUB Stock Down 0.7%

STUB opened at $5.78 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day moving average is $5.94 and its 200 day moving average is $8.47. STUB has a fifty-two week low of $5.22 and a fifty-two week high of $19.87. The firm has a market capitalization of $2.21 billion and a P/E ratio of -1.01.

STUB (NYSE:STUB) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $573.07 million during the quarter. STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. Research analysts expect that STUB will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STUB. Oppenheimer reduced their price objective on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Weiss Ratings lowered shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. TD Cowen cut their price target on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Finally, Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and cut their price target for the company from $9.00 to $7.00 in a research note on Friday, September 18th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.17.

Insiders Place Their Bets

In related news, insider Mark Streams sold 150,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $6.76, for a total transaction of $1,014,000.00. Following the completion of the sale, the insider directly owned 1,404,222 shares of the company’s stock, valued at approximately $9,492,540.72. This trade represents a 9.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Constance James sold 116,644 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total value of $823,506.64. Following the sale, the chief financial officer directly owned 349,934 shares of the company’s stock, valued at $2,470,534.04. The trade was a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 991,338 shares of company stock valued at $6,692,030. Insiders own 30.97% of the company’s stock.

About STUB

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects buyers and sellers of tickets for sporting events, concerts, theater productions and other entertainment experiences.

The company provides digital tools that support ticket discovery, listing, purchasing and delivery, including mobile and online services. StubHub serves customers across multiple international markets and offers access to events in a range of geographic regions.

StubHub was founded in 2000 and was acquired by eBay in 2007 before being sold to viagogo in 2020.