STUB (NYSE:STUB) Shares Up 4.1% – What’s Next?

STUB (NYSE:STUB) shares shot up 4.1% during mid-day trading on Tuesday . The company traded as high as $6.49 and last traded at $6.42. 468,704 shares were traded during trading, a decline of 89% from the average session volume of 4,107,290 shares. The stock had previously closed at $6.17.

Analysts Set New Price Targets

A number of brokerages have issued reports on STUB. Guggenheim reduced their target price on STUB from $9.00 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Weiss Ratings began coverage on STUB in a report on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. Oppenheimer reduced their target price on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Wedbush restated a “neutral” rating and set a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $10.00 target price (down from $22.00) on shares of STUB in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.75.

STUB Trading Up 6.1%

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market cap of $2.33 billion and a price-to-earnings ratio of -9.90. The firm’s fifty day moving average price is $8.92.

STUB (NYSE:STUB) last released its quarterly earnings data 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 firm had revenue of $449.17 million during the quarter. The company’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 stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the transaction, the insider owned 77,961 shares in the company, valued at $597,181.26. The trade was a 26.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On STUB

Several institutional investors have recently modified their holdings of the business. Ardmore Road Asset Management LP raised its position in STUB by 25.0% in the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after buying an additional 5,000 shares during the last quarter. Aspen Grove Capital LLC acquired a new stake in STUB in the 4th quarter valued at approximately $166,000. The Manufacturers Life Insurance Company acquired a new stake in STUB in the 4th quarter valued at approximately $143,000. Capital Research Global Investors acquired a new stake in STUB in the 4th quarter valued at approximately $106,887,000. Finally, Capital International Investors acquired a new stake in STUB in the 4th quarter valued at approximately $55,235,000.

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.