STUB (NYSE:STUB) Hits New 12-Month Low – Here’s Why

STUB (NYSE:STUB)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $7.26 and last traded at $7.4280, with a volume of 3269905 shares trading hands. The stock had previously closed at $7.52.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STUB. JPMorgan Chase & Co. restated a “neutral” rating and set a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Guggenheim reissued a “buy” rating on shares of STUB in a research note on Tuesday, February 24th. Craig Hallum started coverage on STUB in a research report on Thursday, January 29th. They issued a “hold” rating and a $12.00 target price on the stock. Finally, Oppenheimer decreased their price target on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.40.

STUB Trading Up 0.9%

The company has a fifty day moving average of $10.60. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market cap of $2.51 billion and a PE ratio of -10.64.

STUB (NYSE:STUB) last posted its 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. STUB’s revenue for the quarter was down 15.8% on a year-over-year basis.

Insider Buying and Selling at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction that occurred on 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 directly owned 77,961 shares in the company, valued at $597,181.26. This represents a 26.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of STUB

Large investors have recently modified their holdings of the stock. Index Venture Associates III Ltd acquired a new position in STUB in the fourth quarter valued at approximately $85,192,000. Norges Bank acquired a new stake in STUB during the fourth quarter worth approximately $23,678,000. Capital Research Global Investors purchased a new stake in shares of STUB during the 4th quarter worth approximately $106,887,000. Capital International Investors purchased a new stake in shares of STUB during the 4th quarter worth approximately $55,235,000. Finally, Intellectus Partners LLC acquired a new position in shares of STUB in the 4th quarter valued at $467,000.

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.