STUB (NYSE:STUB) Stock Rating Lowered by Zacks Research

STUB (NYSE:STUB) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Other research analysts have also issued reports about the stock. Weiss Ratings lowered shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. JPMorgan Chase & Co. dropped their price objective on shares of STUB from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday. Oppenheimer dropped their price objective on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. UBS Group set a $7.50 target price on shares of STUB in a report on Thursday, August 13th. Finally, Guggenheim decreased their target price on STUB from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, STUB presently has a consensus rating of “Hold” and an average target price of $9.92.

STUB Stock Performance

Shares of STUB opened at $5.59 on Tuesday. The business’s fifty day moving average price is $5.86 and its 200 day moving average price is $8.20. STUB has a 12-month low of $5.07 and a 12-month high of $19.86. The stock has a market capitalization of $2.13 billion, a PE ratio of -3.88, a price-to-earnings-growth ratio of 0.59 and a beta of 3.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04.

STUB (NYSE:STUB) last released its earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $501.95 million for the quarter. STUB had a negative net margin of 25.29% and a positive return on equity of 1.91%. STUB’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted ($4.27) EPS. Equities research analysts forecast that STUB will post 0.35 EPS for the current year.

Insider Buying and Selling at STUB

In other STUB news, insider Nayaab Islam sold 14,306 shares of the stock in a transaction on Monday, September 14th. The stock was 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 $49,581,313.20. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Streams sold 135,589 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total value of $866,413.71. Following the completion of the sale, the insider owned 1,225,976 shares in the company, valued at $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 991,338 shares of company stock worth $6,692,030 over the last ninety days. 30.97% of the stock is owned by corporate insiders.

Institutional Trading of STUB

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in STUB in the 3rd quarter valued at about $33,000. Royce & Associates LP bought a new position in STUB in the 3rd quarter worth about $144,000. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 14,301 shares during the period. Joel Isaacson & Co. LLC increased its stake 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 purchasing an additional 5,000 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of STUB in the third quarter valued at approximately $1,672,000.

Key Headlines Impacting STUB

Here are a few of the latest headlines 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: Analysts cut their forecasts following the results. JPMorgan lowered its price target to $8 from $11 and kept a neutral rating, reflecting a more cautious view despite the target remaining above the recent share price. Article: Analysts Cut Their Forecasts on StubHub After Weak Q3 Results

About STUB

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.