STUB (NYSE:STUB) Hits New 52-Week Low - Here's What Happened

Key Points

• STUB shares hit a new 52-week low of $5.73, trading below both their 50-day moving average of $7.56 and 200-day moving average of $8.43.
• Analyst sentiment is mixed: six analysts rate the stock Buy, six Hold and two Sell, resulting in an average Hold rating and a consensus price target of $10.33.
• Insiders sold 1.14 million shares worth approximately $8.7 million over the past 90 days, while several major institutional investors recently established or increased positions in STUB.

STUB (NYSE:STUB - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $5.73 and last traded at $5.7530, with a volume of 4362259 shares trading hands. The stock had previously closed at $5.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Oppenheimer cut their price target on shares of STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Morgan Stanley increased their price objective on STUB from $8.75 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 10th. Citigroup raised STUB from a "neutral" rating to a "buy" rating and cut their target price for the stock from $9.00 to $7.00 in a research note on Friday. Mizuho set a $11.00 price target on STUB in a research note on Friday, August 14th. Finally, Wall Street Zen cut STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.33.

STUB Price Performance

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 stock's 50-day moving average is $7.56 and its two-hundred day moving average is $8.43. The stock has a market cap of $2.20 billion and a PE ratio of -1.00.

Insider Activity

In related news, insider Mark Streams sold 135,589 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the completion of the transaction, the insider directly owned 1,225,976 shares in the company, valued at $7,833,986.64. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nayaab Islam sold 24,554 shares of STUB stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $6.69, for a total value of $164,266.26. Following the completion of the transaction, the insider directly owned 8,011,292 shares of the company's stock, valued at approximately $53,595,543.48. This represents a 0.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,138,912 shares of company stock valued at $8,690,701. 30.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capital Research Global Investors acquired a new position in STUB during the 4th quarter worth $106,887,000. Index Venture Associates III Ltd acquired a new position in shares of STUB during the fourth quarter worth about $85,192,000. Capital International Investors acquired a new position in shares of STUB during the fourth quarter worth about $55,235,000. Norges Bank purchased a new stake in shares of STUB during the fourth quarter worth approximately $23,678,000. Finally, Rokos Capital Management LLP raised its holdings in 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 acquiring an additional 616,892 shares in the last quarter.

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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