STUB (NYSE:STUB) Shares Climb 6.7% - Time to Buy?

Key Points

• STUB shares rose 6.7% to about $5.67, though trading volume was 31% below the average daily level. The stock remains below its 50-day and 200-day moving averages of $7.06 and $8.30, respectively.
• Analyst sentiment is mixed, with six Buy, six Hold, and two Sell ratings; the consensus rating is Hold with an average price target of $10.33.
• StubHub missed its latest earnings estimate, reporting $0.02 EPS versus the $0.07 consensus, while insiders sold more than 1 million shares worth $7.8 million over the last quarter.

Shares of STUB (NYSE:STUB - Get Free Report) traded up 6.7% during trading on Wednesday. The company traded as high as $5.66 and last traded at $5.6650. Approximately 3,849,476 shares were traded during trading, a decline of 31% from the average daily volume of 5,601,365 shares. The stock had previously closed at $5.31.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of STUB from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, August 21st. Morgan Stanley upped their price objective 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. Wall Street Zen downgraded shares of STUB from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Citigroup upgraded shares of STUB from a "neutral" rating to a "buy" rating and lowered their target price for the company from $9.00 to $7.00 in a report on Friday, September 18th. Finally, Weiss Ratings raised STUB from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, STUB currently has an average rating of "Hold" and an average price target of $10.33.

STUB Stock Up 6.7%

The company's 50-day moving average is $7.06 and its 200 day moving average is $8.30. The company has a market capitalization of $2.16 billion and a PE ratio of -0.98. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04.

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

Insider Activity

In other STUB news, insider Scott Michael Fitzgerald sold 84,970 shares of STUB stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total value of $601,587.60. Following the completion of the sale, the insider owned 110,383 shares of the company's stock, valued at approximately $781,511.64. This trade represents a 43.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nayaab Islam sold 219,736 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total value of $1,489,810.08. Following the completion of the transaction, the insider owned 8,232,228 shares of the company's stock, valued at $55,814,505.84. This represents a 2.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,077,870 shares of company stock valued at $7,822,393 in the last quarter. Insiders own 30.97% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STUB. Stephens Group LLC grew its holdings in shares of STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company's stock worth $13,158,000 after acquiring an additional 673,715 shares during the period. Bank of America Corp DE lifted its holdings in STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company's stock valued at $3,574,000 after acquiring an additional 457,321 shares during the period. Morling Financial Advisors LLC bought a new position in STUB in the first quarter valued at about $868,000. Pine Ridge Advisers LLC purchased a new position in STUB in the first quarter worth about $4,117,000. Finally, Sequoia Financial Advisors LLC purchased a new position in STUB in the second quarter worth about $7,953,000.

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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