STUB (NYSE:STUB) Stock Price Target Cut by TD Cowen

Key Points

• TD Cowen cut its STUB price target from $12 to $10 but maintained a Buy rating; the new target implies 90.66% upside from the prior close.
• Analyst views are mixed: MarketBeat reports an average Hold rating and $9.75 average target, with six Buy, six Hold, and three Sell ratings.
• STUB reported quarterly EPS of $0.05, missing the $0.11 consensus estimate, while revenue rose 7.2% year over year to $501.95 million.

STUB (NYSE:STUB - Get Free Report) had its target price cut by investment analysts at TD Cowen from $12.00 to $10.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's price target suggests a potential upside of 90.66% from the stock's previous close.

Several other research firms also recently commented on STUB. Zacks Research downgraded shares of STUB from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Mizuho set a $11.00 price objective on STUB in a research report on Friday, August 14th. Guggenheim reduced their price objective on STUB from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, October 9th. Weiss Ratings lowered STUB from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, October 2nd. Finally, Oppenheimer decreased their target price on STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, STUB presently has an average rating of "Hold" and an average target price of $9.75.

STUB Stock Up 3.9%

Shares of STUB stock traded up $0.20 during trading on Friday, reaching $5.25. The company's stock had a trading volume of 959,257 shares, compared to its average volume of 5,605,927. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -3.64, a P/E/G ratio of 0.63 and a beta of 3.44. The stock's 50-day moving average price is $5.83 and its 200 day moving average price is $8.16. STUB has a 1-year low of $5.03 and a 1-year high of $16.63.

STUB (NYSE:STUB - Get Free Report) last announced its earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $501.95 million for the quarter. STUB had a positive return on equity of 1.91% and a negative net margin of 25.29%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($4.27) earnings per share. On average, research analysts anticipate that STUB will post 0.32 EPS for the current year.

Insider Activity

In other news, insider Scott Michael Fitzgerald sold 84,970 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total value of $601,587.60. Following the sale, the insider directly owned 110,383 shares in the company, valued at approximately $781,511.64. This trade represents a 43.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Streams sold 150,000 shares of STUB stock in a transaction on Monday, August 24th. The stock was sold at an average price of $6.76, for a total transaction of $1,014,000.00. Following the sale, the insider directly owned 1,404,222 shares of the company's stock, valued at approximately $9,492,540.72. This trade represents a 9.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 991,338 shares of company stock worth $6,692,030. Insiders own 30.97% of the company's stock.

Hedge Funds Weigh In On STUB

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in STUB by 135.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company's stock valued at $27,000 after buying an additional 2,738 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in STUB during the 3rd quarter worth about $33,000. Royal Bank of Canada boosted its position in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after acquiring an additional 4,214 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of STUB by 848.2% during the 3rd quarter. Sterling Capital Management LLC now owns 7,434 shares of the company's stock worth $41,000 after acquiring an additional 6,650 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of STUB by 328.8% during the 3rd quarter. State of Wyoming now owns 8,371 shares of the company's stock worth $47,000 after acquiring an additional 6,419 shares in the last quarter.

About STUB

StubHub Holdings, Inc. operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale. The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.

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