STUB (NYSE:STUB) Sets New 52-Week Low - Time to Sell?

Key Points

• STUB hit a new 52-week low of $5.22, well below its 50-day and 200-day moving averages of $7.14 and $8.31, respectively.
• Analysts have a mixed outlook, with an average rating of “Hold” and an average price target of $10.33; ratings range from Buy to Sell.
• The company missed quarterly earnings expectations, reporting $0.02 in EPS versus $0.07 expected, while insiders sold more than 1 million shares worth approximately $7.9 million over the past three months.

Shares of STUB (NYSE:STUB - Get Free Report) reached a new 52-week low during trading on Tuesday. The stock traded as low as $5.22 and last traded at $5.3050, with a volume of 652950 shares changing hands. The stock had previously closed at $5.30.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup raised STUB from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $9.00 to $7.00 in a research note on Friday, September 18th. Wall Street Zen lowered STUB from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings raised STUB from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 7th. Mizuho set a $11.00 price objective on STUB in a research report on Friday, August 14th. Finally, Morgan Stanley raised their target price on shares of STUB from $8.75 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 10th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, STUB has an average rating of "Hold" and an average price target of $10.33.

STUB Trading Up 0.5%

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 firm's fifty day moving average is $7.14 and its two-hundred day moving average is $8.31. The firm has a market cap of $2.03 billion and a P/E ratio of -0.93.

STUB (NYSE:STUB - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 company had revenue of $573.07 million during the quarter. Analysts predict that STUB will post 0.38 earnings per share for the current fiscal year.

Insider Transactions at STUB

In other news, CFO Constance P. James sold 116,644 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total value of $823,506.64. Following the sale, the chief financial officer directly owned 349,934 shares of the company's stock, valued at $2,470,534.04. This represents a 25.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Streams sold 150,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $6.76, for a total transaction 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. The trade was a 9.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,082,971 shares of company stock worth $7,888,706. Corporate insiders own 30.97% of the company's stock.

Institutional Investors Weigh In On STUB

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stephens Group LLC raised its stake in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company's stock valued at $13,158,000 after buying an additional 673,715 shares during the last quarter. Bank of America Corp DE raised its position in shares of STUB by 396.1% in the 1st 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 during the last quarter. Morling Financial Advisors LLC bought a new position in STUB in the 1st quarter worth about $868,000. Pine Ridge Advisers LLC bought a new position in STUB in the 1st quarter worth about $4,117,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in STUB during the 2nd quarter valued at about $7,953,000.

About STUB

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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