STUB (NYSE:STUB) Stock Price Up 7.4% – What’s Next?

STUB (NYSE:STUB)’s stock price was up 7.4% on Monday . The stock traded as high as $9.41 and last traded at $9.4720. Approximately 3,350,889 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 4,216,530 shares. The stock had previously closed at $8.82.

Analyst Ratings Changes

STUB has been the subject of several analyst reports. Craig Hallum started coverage on STUB in a research report on Thursday, January 29th. They set a “hold” rating and a $12.00 target price for the company. Wall Street Zen raised shares of STUB from a “hold” rating to a “buy” rating in a research note on Saturday. Oppenheimer decreased their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. JPMorgan Chase & Co. upped their target price on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley increased their target price on shares of STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.75.

STUB Stock Up 6.0%

The firm has a market cap of $3.33 billion and a P/E ratio of -14.18. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average price of $7.14.

STUB (NYSE:STUB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The company’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that STUB will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the sale, the insider owned 77,961 shares of the company’s stock, valued at $597,181.26. This represents a 26.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Streams sold 232,567 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the sale, the insider owned 1,114,001 shares in the company, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 264,186 shares of company stock worth $2,342,584.

Institutional Trading of STUB

A number of institutional investors have recently modified their holdings of STUB. Ardmore Road Asset Management LP boosted its position in shares of STUB by 25.0% during the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after buying an additional 5,000 shares during the period. Pittenger & Anderson Inc. acquired a new position in STUB during the 1st quarter worth approximately $34,000. Cornerstone Wealth Management LLC grew its stake in shares of STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after acquiring an additional 6,070 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of STUB during the 4th quarter worth approximately $92,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of STUB in the fourth quarter valued at approximately $143,000.

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.