STUB’s (NYSE:STUB) Lock-Up Period Set To End Tomorrow

STUB’s (NYSE:STUB) lock-up period will expire on Monday, March 16th. STUB had issued 34,042,553 shares in its public offering on September 17th. The total size of the offering was $799,999,996 based on an initial share price of $23.50. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analyst Ratings Changes

A number of brokerages have issued reports on STUB. Wall Street Zen raised shares of STUB from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Craig Hallum began coverage on shares of STUB in a research note on Thursday, January 29th. They set a “hold” rating and a $12.00 price objective for the company. Guggenheim reiterated a “buy” rating on shares of STUB in a report on Tuesday, February 24th. Citigroup raised STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Finally, Wedbush restated a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.40.

STUB Stock Down 4.8%

Shares of STUB stock opened at $7.52 on Friday. The business has a fifty day simple moving average of $10.85. STUB has a 52 week low of $7.37 and a 52 week high of $27.89. The stock has a market capitalization of $2.76 billion and a price-to-earnings ratio of -11.39. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03.

STUB (NYSE:STUB) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The company had revenue of $449.17 million for the quarter. The firm’s quarterly revenue was down 15.8% on a year-over-year basis.

Insider Buying and Selling at STUB

In other news, 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 approximately $597,181.26. The trade was a 26.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of STUB

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC purchased a new position in shares of STUB during the 4th quarter worth approximately $150,000. The Manufacturers Life Insurance Company bought a new position in shares of STUB in the 4th quarter worth approximately $143,000. Index Venture Associates III Ltd purchased a new position in shares of STUB in the 4th quarter valued at approximately $85,192,000. Norges Bank purchased a new position in shares of STUB in the 4th quarter valued at approximately $23,678,000. Finally, Capital International Investors bought a new stake in shares of STUB during the fourth quarter valued at approximately $55,235,000.

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.