STUB (NYSE:STUB) Given Consensus Recommendation of “Hold” by Analysts

STUB (NYSE:STUB) has been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.50.

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. BMO Capital Markets downgraded STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. HSBC upgraded STUB to a “buy” rating in a research report on Tuesday, May 19th. Wedbush reiterated a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. Finally, Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a research report on Saturday.

Insider Transactions at STUB

In other STUB news, insider Mark Streams sold 232,567 shares of STUB stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the sale, the insider directly owned 1,114,001 shares in the company, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 236,666 shares of company stock worth $2,134,096 in the last three months.

Institutional Investors Weigh In On STUB

Hedge funds have recently made changes to their positions in the business. Pittenger & Anderson Inc. bought a new stake in shares of STUB in the 1st quarter worth approximately $34,000. Royal Bank of Canada lifted its holdings in shares of STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares during the last quarter. Lido Advisors LLC purchased a new position in shares of STUB in the first quarter worth $69,000. Garner Asset Management Corp bought a new stake in STUB during the 4th quarter valued at $92,000. Finally, The Manufacturers Life Insurance Company bought a new stake in STUB during the 4th quarter valued at $143,000.

STUB Trading Up 7.1%

Shares of STUB stock opened at $11.37 on Friday. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The stock has a market capitalization of $4.27 billion and a P/E ratio of -18.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50-day moving average price of $8.24.

STUB (NYSE:STUB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that STUB will post 0.56 earnings per share for the current year.

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.