STUB (NYSE:STUB) Reaches New 52-Week Low – Should You Sell?

Shares of STUB (NYSE:STUB) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.58 and last traded at $6.81, with a volume of 471515 shares. The stock had previously closed at $6.88.

Analysts Set New Price Targets

A number of equities analysts have commented on STUB shares. Oppenheimer reduced their target price on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Citigroup raised STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Craig Hallum began coverage on STUB in a research note on Thursday, January 29th. They issued a “hold” rating and a $12.00 price objective for the company. Finally, Weiss Ratings initiated coverage on STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, STUB has an average rating of “Hold” and an average price target of $10.75.

STUB Trading Up 3.9%

The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average price is $10.21. The firm has a market cap of $2.44 billion and a P/E ratio of -10.37.

STUB (NYSE:STUB) last issued its earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The firm had revenue of $449.17 million during the quarter. The company’s revenue for the quarter was down 15.8% on a year-over-year basis.

Insiders Place Their Bets

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the transaction, the insider owned 77,961 shares of the company’s stock, valued at approximately $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On STUB

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC raised its stake in STUB by 56,638.1% during the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after purchasing an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of STUB in the 4th quarter valued at approximately $1,044,000. Garner Asset Management Corp purchased a new stake in shares of STUB in the 4th quarter valued at approximately $92,000. International Assets Investment Management LLC acquired a new stake in shares of STUB during the 4th quarter worth approximately $149,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of STUB during the 4th quarter worth approximately $1,015,000.

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.