STUB (NYSE:STUB) Stock Price Target Lowered at JPMorgan Chase & Co.

STUB (NYSE:STUB) had its target price reduced by JPMorgan Chase & Co. from $11.00 to $8.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently commented on STUB. Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Mizuho set a $11.00 target price on shares of STUB in a report on Friday, August 14th. UBS Group set a $7.50 target price on shares of STUB in a report on Thursday, August 13th. Bank of America downgraded shares of STUB from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $11.00 to $7.50 in a research report on Thursday, August 13th. Finally, Citigroup raised STUB from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $9.00 to $7.00 in a research note on Friday, September 18th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, STUB currently has an average rating of “Hold” and a consensus price target of $9.92.

STUB Trading Down 1.1%

NYSE:STUB opened at $5.59 on Wednesday. STUB has a 1 year low of $5.07 and a 1 year high of $19.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average price of $5.86 and a two-hundred day moving average price of $8.20. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -3.88, a PEG ratio of 0.59 and a beta of 3.44.

STUB (NYSE:STUB) last issued its earnings results on Tuesday, November 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). STUB had a positive return on equity of 1.91% and a negative net margin of 25.29%. The company had revenue of $501.95 million for the quarter. During the same quarter in the prior year, the firm earned ($4.27) EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that STUB will post 0.35 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nayaab Islam sold 14,306 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $6.20, for a total value of $88,697.20. Following the sale, the insider directly owned 7,996,986 shares of the company’s stock, valued at approximately $49,581,313.20. This represents a 0.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Streams sold 135,589 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total transaction of $866,413.71. Following the completion of the sale, the insider directly owned 1,225,976 shares in the company, valued at approximately $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 991,338 shares of company stock worth $6,692,030 over the last quarter. Insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in STUB during the 3rd quarter valued at $33,000. Royce & Associates LP acquired a new position in shares of STUB in the third quarter worth $144,000. Russell Investments Group Ltd. lifted its position in shares of STUB by 80.1% in the third quarter. Russell Investments Group Ltd. now owns 32,163 shares of the company’s stock valued at $179,000 after acquiring an additional 14,301 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of STUB by 9.3% in the third quarter. Joel Isaacson & Co. LLC now owns 58,500 shares of the company’s stock valued at $326,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of STUB in the third quarter valued at $1,672,000.

STUB News Roundup

Here’s some of the latest news about STUB:

• Neutral Sentiment: StubHub named Michael Noonan as its next CFO, with the transition effective January 2027. The announcement provides leadership continuity but does not, by itself, indicate a change in business outlook. Article: StubHub Holdings Names Michael Noonan As Chief Financial Officer
• Negative Sentiment: Q3 adjusted earnings of $0.05 per share fell short of the $0.11 consensus, while revenue of $501.95 million also missed estimates. Revenue was up 7.2% year over year, but the earnings and sales shortfalls appear to be weighing on sentiment. Article: StubHub Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Reported open-market insider activity showed 27 sales and no purchases over the past six months, a potential additional source of investor concern. Article: STUB Stock Data and Insider Trading Activity

STUB Company Profile

StubHub Holdings, Inc. operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale. The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.