Guggenheim Has Lowered Expectations for STUB (NYSE:STUB) Stock Price

Key Points

• Guggenheim cut its price target on STUB from $9.00 to $7.50 and maintained a "neutral" rating, implying roughly a 13.7% upside from the prior close.
• Earnings miss and weak trading: STUB reported a large EPS miss (‑$1.56 vs. ‑$0.01 expected) with revenue down 15.8%, and the stock is trading around $6.60, near its 1‑year low.
• Analyst sentiment is mixed (1 Buy, 5 Hold, 1 Sell) with a MarketBeat consensus target of $10.75; insiders have sold shares while several institutions added modest positions.

STUB (NYSE:STUB - Get Free Report) had its price target reduced by equities researchers at Guggenheim from $9.00 to $7.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Guggenheim's price target suggests a potential upside of 13.71% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings started coverage on shares of STUB in a research note on Wednesday, January 14th. They issued a "sell (d-)" rating on the stock. Wall Street Zen raised shares of STUB from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Oppenheimer decreased their price objective on shares of STUB from $20.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, March 5th. Craig Hallum started coverage on shares of STUB in a report on Thursday, January 29th. They set a "hold" rating and a $12.00 price objective for the company. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $10.00 target price (down from $22.00) on shares of STUB in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.75.

STUB Trading Down 4.1%

STUB stock opened at $6.60 on Wednesday. STUB has a 1-year low of $6.56 and a 1-year high of $27.89. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a 50 day moving average of $10.28. The company has a market cap of $2.35 billion and a price-to-earnings ratio of -9.99.

STUB (NYSE:STUB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The company had revenue of $449.17 million during the quarter. STUB's revenue for the quarter was down 15.8% compared to the same quarter last year.

Insider Buying and Selling

In other STUB news, insider Scott Michael Fitzgerald sold 28,387 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, the insider directly owned 77,961 shares of the company's stock, valued at approximately $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of STUB

A number of hedge funds and other institutional investors have recently modified their holdings of STUB. Garner Asset Management Corp bought a new position in STUB in the 4th quarter worth approximately $92,000. The Manufacturers Life Insurance Company acquired a new stake in shares of STUB in the 4th quarter valued at $143,000. International Assets Investment Management LLC acquired a new stake in shares of STUB in the 4th quarter valued at $149,000. Cerity Partners LLC bought a new stake in shares of STUB during the fourth quarter worth $150,000. Finally, Engineers Gate Manager LP bought a new stake in shares of STUB during the fourth quarter worth $161,000.

About STUB

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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