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

STUB (NYSE:STUB)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $6.22 and last traded at $6.27, with a volume of 266385 shares traded. The stock had previously closed at $6.41.

Analysts Set New Price Targets

A number of research analysts have recently commented on STUB shares. Weiss Ratings started coverage on shares of STUB in a research note on Wednesday, January 14th. They set a “sell (d-)” rating for the company. Wedbush restated a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Guggenheim dropped their price target on shares of STUB from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Oppenheimer cut their price target on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Finally, Citigroup upgraded shares of STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.75.

STUB Stock Down 3.0%

The business has a 50 day moving average price of $9.95. The stock has a market cap of $2.22 billion and a P/E ratio of -9.42. 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 data on Wednesday, March 4th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The business had revenue of $449.17 million for the quarter. The business’s revenue was down 15.8% on a year-over-year basis.

Insiders Place Their Bets

In related news, insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, the insider owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. This represents a 26.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hedge Funds Weigh In On STUB

A number of hedge funds have recently bought and sold shares of the company. CWM LLC increased its holdings 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 buying an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in STUB during the 4th quarter worth approximately $1,044,000. Garner Asset Management Corp acquired a new position in shares of STUB in the 4th quarter worth approximately $92,000. International Assets Investment Management LLC acquired a new position in shares of STUB in the 4th quarter worth approximately $149,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of STUB in the 4th 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.