STUB (NYSE:STUB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of STUB (NYSE:STUB) from a hold rating to a buy rating in a report released on Saturday morning.

Other analysts have also recently issued reports about the company. UBS Group began coverage on STUB in a research note on Tuesday, May 19th. They issued a “neutral” rating on the stock. HSBC raised STUB to a “buy” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Finally, Guggenheim reiterated a “buy” rating on shares of STUB in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

STUB Stock Down 4.2%

Shares of STUB opened at $9.23 on Friday. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The business’s 50 day simple moving average is $10.60. The stock has a market cap of $3.46 billion and a P/E ratio of -15.38. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

STUB (NYSE:STUB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. STUB’s revenue was up 12.2% on a year-over-year basis. Research analysts forecast that STUB will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mark Streams sold 28,531 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.02, for a total transaction of $371,473.62. Following the completion of the transaction, the insider owned 1,561,122 shares in the company, valued at approximately $20,325,808.44. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total value of $39,228.00. Following the completion of the transaction, the insider directly owned 8,451,964 shares in the company, valued at $118,412,015.64. This trade represents a 0.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 413,647 shares of company stock worth $4,401,046 over the last 90 days. Company insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

A number of institutional investors have recently bought and sold shares of the business. WestCap Management LLC acquired a new position in shares of STUB during the 4th quarter worth about $429,370,000. Capital Research Global Investors acquired a new stake in shares of STUB during the 4th quarter worth about $106,887,000. Index Venture Associates III Ltd acquired a new stake in shares of STUB during the 4th quarter worth about $85,192,000. PointState Capital LP lifted its stake in STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after purchasing an additional 4,117,332 shares during the last quarter. Finally, Capital International Investors purchased a new stake in STUB during the fourth quarter worth approximately $55,235,000.

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.