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

Key Points

• Analysts have a consensus “Hold” rating on STUB, with two sell, six hold and six buy recommendations. The average 12-month price target is $10.33.
• STUB opened at $5.93, near its one-year low of $5.74 and well below its 50-day and 200-day moving averages of $7.65 and $8.46, respectively.
• Insiders have been selling shares: company insiders sold 1.14 million shares worth approximately $8.69 million over the past 90 days, while institutional investors have made several sizable purchases.

Shares of STUB (NYSE:STUB - Get Free Report) have been assigned an average rating of "Hold" from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.3333.

STUB has been the subject of a number of research analyst reports. Oppenheimer dropped their price target on STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. TD Cowen dropped their target price on shares of STUB from $16.00 to $12.00 and set a "buy" rating for the company in a report on Friday, August 21st. Morgan Stanley lifted their target price on shares of STUB from $8.75 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 10th. Wall Street Zen downgraded shares of STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Citigroup raised shares of STUB from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $9.00 to $7.00 in a research note on Friday.

STUB Stock Up 0.3%

STUB opened at $5.93 on Monday. The business's fifty day moving average is $7.65 and its two-hundred day moving average is $8.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $2.27 billion and a price-to-earnings ratio of -1.03. STUB has a one year low of $5.74 and a one year high of $21.49.

Insider Buying and Selling at STUB

In other news, insider Mark Streams sold 135,589 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total value of $866,413.71. Following the completion of the transaction, the insider directly owned 1,225,976 shares of the company's stock, valued at $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Michael Fitzgerald sold 84,970 shares of the company'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 completion of the sale, the insider owned 110,383 shares in the company, valued at $781,511.64. This represents a 43.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,138,912 shares of company stock worth $8,690,701. 30.97% of the stock is owned by insiders.

Institutional Trading of STUB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors purchased a new position in STUB in the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd purchased a new stake in shares of STUB during the fourth quarter worth about $85,192,000. Capital International Investors purchased a new stake in shares of STUB during the fourth quarter worth about $55,235,000. Rokos Capital Management LLP raised its position in shares of STUB by 40.4% in the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company's stock valued at $13,375,000 after buying an additional 616,892 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of STUB in the fourth quarter valued at approximately $23,678,000.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.

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