STUB (STUB) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts are split but lean “Hold”: Of 14 brokerages covering STUB, six rate it Buy, six Hold and two Sell; the average 12-month price target is $10.17.
• Recent results missed expectations: STUB reported quarterly EPS of $0.02, below the $0.07 consensus estimate, and its shares opened at $5.83, near their 52-week low of $5.22.
• Insiders have been selling: Company insiders sold about 991,000 shares worth $6.7 million over the past three months, including sales by the CFO and another insider.

STUB (NYSE:STUB - Get Free Report) has been given an average recommendation of "Hold" by the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $10.17.

A number of equities research analysts have weighed in on STUB shares. UBS Group set a $7.50 price objective on STUB in a report on Thursday, August 13th. Mizuho set a $11.00 target price on STUB in a research note on Friday, August 14th. Evercore set a $14.00 target price on STUB in a research note on Thursday, August 13th. Guggenheim reduced their price target on STUB from $11.00 to $9.00 and set a "buy" rating for the company in a report on Friday, October 9th. Finally, Bank of America downgraded STUB from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $11.00 to $7.50 in a research note on Thursday, August 13th.

STUB Stock Down 5.0%

STUB opened at $5.83 on Tuesday. STUB has a 52 week low of $5.22 and a 52 week high of $19.86. The business has a 50 day moving average price of $5.88 and a two-hundred day moving average price of $8.30. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The company has a market cap of $2.23 billion, a PE ratio of -1.02, a P/E/G ratio of 0.69 and a beta of 3.44.

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

Insiders Place Their Bets

In other STUB news, CFO Constance P. James sold 116,644 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total transaction of $823,506.64. Following the sale, the chief financial officer directly owned 349,934 shares in the company, valued at approximately $2,470,534.04. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Michael Fitzgerald sold 84,970 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 110,383 shares of the company's stock, valued at $781,511.64. The trade was a 43.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 991,338 shares of company stock worth $6,692,030. 30.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STUB. Stephens Group LLC increased its holdings in shares of STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company's stock valued at $13,158,000 after purchasing an additional 673,715 shares during the period. Bank of America Corp DE lifted its position in shares of STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company's stock worth $3,574,000 after purchasing an additional 457,321 shares in the last quarter. Morling Financial Advisors LLC acquired a new stake in shares of STUB during the first quarter worth approximately $868,000. Sequoia Financial Advisors LLC acquired a new stake in shares of STUB during the second quarter worth approximately $7,953,000. Finally, Pine Ridge Advisers LLC acquired a new stake in shares of STUB during the 1st quarter valued at $4,117,000.

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.

StubHub was co-founded by Eric Baker, who has served as the company's chief executive.

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