STUB (NYSE:STUB) Reaches New 12-Month Low – What’s Next?

Shares of STUB (NYSE:STUB) reached a new 52-week low on Thursday . The company traded as low as $8.93 and last traded at $8.96, with a volume of 395908 shares trading hands. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

STUB has been the topic of a number of analyst reports. Weiss Ratings initiated coverage on STUB in a research note on Wednesday, January 14th. They set a “sell (d-)” rating on the stock. Craig Hallum initiated coverage on shares of STUB in a report on Thursday, January 29th. They set a “hold” rating and a $12.00 target price on the stock. Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Citigroup initiated coverage on shares of STUB in a research report on Tuesday, January 20th. They issued a “sell” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, STUB has an average rating of “Sell” and an average target price of $12.50.

STUB Trading Down 6.9%

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $3.24 billion and a PE ratio of -14.67.

Institutional Trading of STUB

Hedge funds and other institutional investors have recently modified their holdings of the stock. Garner Asset Management Corp bought a new position in STUB in the 4th quarter valued at about $92,000. International Assets Investment Management LLC bought a new stake in shares of STUB during the fourth quarter worth approximately $149,000. Cerity Partners LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $150,000. LPL Financial LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $333,000. Finally, Intellectus Partners LLC bought a new position in shares of STUB during the fourth quarter worth approximately $467,000.

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.