STUB (NYSE:STUB) Stock Jumps 4.7% - Still a Buy?

Key Points

• STUB rose 4.7% to about $5.29 in Friday mid-day trading, while volume was 85% below its daily average.
• Analyst views are mixed: six rate the stock Buy, six Hold and three Sell, for a consensus Hold rating and a $9.75 average price target.
• Quarterly EPS of $0.05 missed the $0.11 consensus estimate, though revenue grew 7.2% year over year to $501.95 million. Insiders sold nearly 991,000 shares over the past 90 days.

Shares of STUB (NYSE:STUB - Get Free Report) rose 4.7% during mid-day trading on Friday. The company traded as high as $5.33 and last traded at $5.2850. Approximately 833,111 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 5,605,927 shares. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

A number of analysts have commented on STUB shares. Bank of America cut STUB from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $11.00 to $7.50 in a research report on Thursday, August 13th. Citigroup upgraded STUB from a "neutral" rating to a "buy" rating and dropped their price target 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 report on Saturday, August 15th. Zacks Research cut STUB from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Finally, Evercore set a $14.00 target price on STUB in a report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.75.

STUB Stock Up 8.4%

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 capitalization of $2.09 billion, a price-to-earnings ratio of -3.80, a P/E/G ratio of 0.63 and a beta of 3.44. The business's 50-day moving average is $5.83 and its 200-day moving average is $8.16.

STUB (NYSE:STUB - Get Free Report) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $501.95 million for the quarter. STUB had a positive return on equity of 1.91% and a negative net margin of 25.29%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($4.27) earnings per share. As a group, equities analysts predict that STUB will post 0.32 earnings per share for the current year.

Insider Transactions at STUB

In related news, insider Nayaab Islam sold 14,306 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $6.20, for a total transaction of $88,697.20. Following the sale, the insider directly owned 7,996,986 shares of the company's stock, valued at $49,581,313.20. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Streams sold 135,589 shares of STUB stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total value of $866,413.71. Following the transaction, the insider owned 1,225,976 shares of the company's stock, valued at approximately $7,833,986.64. This represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 991,338 shares of company stock worth $6,692,030 in the last 90 days. Company insiders own 30.97% of the company's stock.

Institutional Investors Weigh In On STUB

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in STUB by 135.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,755 shares of the company's stock valued at $27,000 after buying an additional 2,738 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of STUB in the third quarter worth about $33,000. Royal Bank of Canada raised its position in shares of STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after acquiring an additional 4,214 shares during the period. Sterling Capital Management LLC boosted its stake in shares of STUB by 848.2% during the 3rd quarter. Sterling Capital Management LLC now owns 7,434 shares of the company's stock worth $41,000 after acquiring an additional 6,650 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of STUB by 328.8% during the 3rd quarter. State of Wyoming now owns 8,371 shares of the company's stock worth $47,000 after acquiring an additional 6,419 shares in the last quarter.

STUB Company Profile

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.

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