STUB (NYSE:STUB) Stock Has Average Target Price of $10.17 According to Analysts

Key Points

• Analysts rate STUB “Hold” overall: six recommend buying, six advise holding, and two rate it a sell. The average 12-month price target is $10.17, versus a recent share price of $5.76.
• Shares remain under pressure, trading near their 52-week low of $5.22 and below both the 50-day ($6.36) and 200-day ($8.19) moving averages.
• Recent performance and insider activity are concerns: STUB missed quarterly EPS estimates, reporting $0.02 versus $0.07 expected, while insiders sold 991,338 shares worth approximately $6.7 million over the past 90 days.

Shares of STUB (NYSE:STUB - Get Free Report) have been given a consensus rating of "Hold" by the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned 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 $10.17.

Several research analysts recently weighed in on the company. Bank of America restated an "underperform" rating and set a $7.50 target price (down from $11.00) on shares of STUB in a research note 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. Mizuho set a $11.00 price target on STUB in a research note on Friday, August 14th. Citigroup raised STUB from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $9.00 to $7.00 in a report on Friday, September 18th. Finally, TD Cowen lowered their price target on STUB from $16.00 to $12.00 and set a "buy" rating for the company in a report on Friday, August 21st.

Insider Activity at STUB

In other STUB news, insider Mark Streams sold 150,000 shares of the firm's stock in a transaction on 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 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nayaab Islam sold 219,736 shares of STUB stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total transaction of $1,489,810.08. Following the sale, the insider owned 8,232,228 shares of the company's stock, valued at $55,814,505.84. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 991,338 shares of company stock worth $6,692,030. 30.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On STUB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. acquired a new stake in STUB during the 1st quarter worth about $34,000. Royal Bank of Canada grew its stake in STUB by 194.4% during the 1st 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 last quarter. Lido Advisors LLC acquired a new position in shares of STUB in the first quarter valued at about $69,000. State of Alaska Department of Revenue acquired a new position in shares of STUB in the third quarter valued at about $119,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of STUB in the first quarter valued at about $164,000.

STUB Price Performance

Shares of STUB opened at $5.76 on Friday. The company has a 50 day moving average of $6.36 and a two-hundred day moving average of $8.19. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a twelve month low of $5.22 and a twelve month high of $21.49. The company has a market cap of $2.20 billion and a price-to-earnings ratio of -1.00.

STUB (NYSE:STUB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (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 business had revenue of $573.07 million for the quarter. As a group, analysts predict that STUB will post 0.38 earnings per share for the current fiscal year.

About STUB

StubHub Holdings, Inc operates online ticket marketplaces that connect buyers and sellers of tickets for live events. Through the StubHub and viagogo platforms, the company offers tickets to sporting events, concerts, theater productions, festivals and other entertainment experiences. Its services generally include ticket discovery, digital transactions, delivery and customer support.

StubHub was founded in 2000 by Eric Baker and Jeff Fluhr. eBay acquired the company in 2007, and StubHub was later sold to viagogo in 2020.

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