STUB (NYSE:STUB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of STUB (NYSE:STUB) have been given a consensus rating of “Hold” by the fourteen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.8333.

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research report on Tuesday, May 19th. Evercore set a $14.00 price objective on shares of STUB in a report on Thursday, August 13th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. UBS Group set a $7.50 price objective on STUB in a research report on Thursday, August 13th. Finally, Morgan Stanley raised their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th.

Insider Buying and Selling at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 84,970 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the completion of the sale, the insider directly owned 110,383 shares in the company, valued at $781,511.64. This represents a 43.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nayaab Islam sold 85,973 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $6.86, for a total value of $589,774.78. Following the transaction, the insider directly owned 8,146,255 shares in the company, valued at $55,883,309.30. This trade represents a 1.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 855,996 shares of company stock worth $6,937,165 over the last 90 days. Company insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. bought a new stake in STUB in the 1st quarter worth $34,000. Royal Bank of Canada raised its stake in shares of STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares during the last quarter. Garner Asset Management Corp purchased a new stake in shares of STUB during the fourth quarter worth about $92,000. The Manufacturers Life Insurance Company bought a new stake in shares of STUB in the fourth quarter worth about $143,000. Finally, International Assets Investment Management LLC bought a new stake in shares of STUB in the fourth quarter worth about $149,000.

STUB Stock Performance

NYSE:STUB opened at $6.16 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $8.72. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The company has a market capitalization of $2.35 billion and a P/E ratio of -1.07.

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.