STUB $STUB Stake Lifted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of STUB (NYSE:STUB) by 46.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 505,160 shares of the company’s stock after acquiring an additional 160,333 shares during the period. Oppenheimer & Co. Inc.’s holdings in STUB were worth $2,819,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in shares of STUB by 135.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company’s stock worth $27,000 after purchasing an additional 2,738 shares during the last quarter. Pittenger & Anderson Inc. purchased a new position in STUB in the first quarter valued at approximately $34,000. Royal Bank of Canada grew its holdings in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares during the period. Sterling Capital Management LLC grew its holdings in STUB by 848.2% during the third quarter. Sterling Capital Management LLC now owns 7,434 shares of the company’s stock valued at $41,000 after purchasing an additional 6,650 shares during the period. Finally, Lido Advisors LLC purchased a new stake in STUB in the first quarter worth $69,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup upgraded STUB from a “neutral” rating to a “buy” rating and lowered their target price for the company from $9.00 to $7.00 in a research note on Friday, September 18th. Guggenheim cut their price target on STUB from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Bank of America lowered STUB from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $11.00 to $7.50 in a report on Thursday, August 13th. Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, TD Cowen dropped their price objective on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, STUB presently has a consensus rating of “Hold” and an average target price of $10.17.

Insiders Place Their Bets

In related news, insider Mark Streams sold 135,589 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the sale, the insider owned 1,225,976 shares of the company’s stock, valued at approximately $7,833,986.64. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nayaab Islam sold 14,306 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $6.20, for a total value of $88,697.20. Following the completion of the transaction, the insider owned 7,996,986 shares of the company’s stock, valued at approximately $49,581,313.20. This represents a 0.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 991,338 shares of company stock worth $6,692,030. 30.97% of the stock is currently owned by corporate insiders.

STUB Trading Down 0.7%

Shares of STUB stock opened at $5.78 on Friday. The company’s fifty day simple moving average is $5.94 and its two-hundred day simple moving average is $8.47. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. STUB has a 1 year low of $5.22 and a 1 year high of $19.87. The stock has a market capitalization of $2.21 billion and a price-to-earnings ratio of -1.01.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. The company had revenue of $573.07 million during the quarter. As a group, analysts anticipate that STUB will post 0.35 earnings per share for the current year.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects buyers and sellers of tickets for sporting events, concerts, theater productions and other entertainment experiences.

The company provides digital tools that support ticket discovery, listing, purchasing and delivery, including mobile and online services. StubHub serves customers across multiple international markets and offers access to events in a range of geographic regions.

StubHub was founded in 2000 and was acquired by eBay in 2007 before being sold to viagogo in 2020.