STUB (NYSE:STUB) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of STUB (NYSE:STUB) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer cut their price objective on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Morgan Stanley upped their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Finally, Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, STUB has a consensus rating of “Hold” and a consensus price target of $10.73.

STUB Stock Down 12.0%

Shares of STUB stock opened at $7.11 on Friday. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a market cap of $2.67 billion and a price-to-earnings ratio of -1.24. The company has a 50-day moving average of $10.29 and a 200 day moving average of $9.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04.

Insider Activity

In other STUB news, insider Mark Streams sold 28,531 shares of STUB stock in a transaction dated Monday, July 6th. The shares were 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 of the company’s stock, valued at approximately $20,325,808.44. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00. Following the completion of the transaction, the insider owned 8,451,964 shares in the company, valued at approximately $118,412,015.64. This represents a 0.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 179,467 shares of company stock worth $2,286,430 over the last three months. 30.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On STUB

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares during the last quarter. Ardmore Road Asset Management LP boosted its stake in STUB by 25.0% during the 4th 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 during the last quarter. Pittenger & Anderson Inc. purchased a new stake in STUB during the 1st quarter valued at $34,000. Cornerstone Wealth Management LLC increased its holdings in shares of STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after purchasing an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp bought a new stake in shares of STUB in the 4th quarter worth $92,000.

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.