STUB (NYSE:STUB) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Among 14 brokerages, seven rate STUB as a hold, five as a buy and two as a sell. The average 12-month price target is $10.83.
• Insiders have been selling shares: Insiders sold 547,757 shares worth approximately $4.84 million over the past 90 days, including a 150,000-share sale by Mark Streams.
• STUB shares opened at $6.56, near the lower end of their 52-week range of $5.74 to $27.89. The company has a market capitalization of about $2.51 billion and negative earnings reflected in a P/E ratio of -1.14.

Shares of STUB (NYSE:STUB - Get Free Report) have been assigned an average recommendation of "Hold" from the fourteen brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.8333.

Several research firms recently commented on STUB. Citigroup reissued a "neutral" rating on shares of STUB in a research report on Wednesday, July 15th. Morgan Stanley increased their price objective on shares of STUB from $8.75 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 10th. Evercore set a $14.00 price objective on shares of STUB in a research note on Thursday, August 13th. Sanford C. Bernstein raised shares of STUB to an "outperform" rating in a research report on Tuesday, May 19th. Finally, 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, May 14th.

Insider Activity

In other STUB news, insider Mark Streams sold 150,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $6.76, for a total value of $1,014,000.00. Following the completion of the transaction, the insider directly owned 1,404,222 shares of the company's stock, valued at $9,492,540.72. This represents a 9.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nayaab Islam sold 54,801 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.03, for a total transaction of $714,057.03. Following the completion of the transaction, the insider directly owned 8,454,764 shares of the company's stock, valued at approximately $110,165,574.92. The trade was a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 547,757 shares of company stock worth $4,840,173. 30.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On STUB

Hedge funds have recently bought and sold shares of the business. Pittenger & Anderson Inc. acquired a new position in shares of STUB in the 1st quarter valued at approximately $34,000. Royal Bank of Canada grew its position in shares of STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after buying an additional 4,214 shares in the last quarter. Lido Advisors LLC bought a new stake in shares of STUB in the first quarter worth $69,000. Garner Asset Management Corp bought a new stake in shares of STUB in the fourth quarter worth $92,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in STUB in the fourth quarter valued at $143,000.

STUB Price Performance

STUB stock opened at $6.56 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a market cap of $2.51 billion and a P/E ratio of -1.14. The stock has a 50-day simple moving average of $9.71 and a 200-day simple moving average of $8.84.

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.

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