STUB (NYSE:STUB) Hits New 1-Year Low - Should You Sell?

Key Points

• 52-week low: STUB shares hit a new 52-week low of $6.58 (last $6.81) on heavy volume and were down about 3.1% on the session.
• Earnings miss and weakening sales: The company reported EPS of ($1.56) vs. a ($0.01) estimate and revenue of $449.2M, down 15.8% year-over-year.
• Mixed analyst view with a "Hold" consensus: Analysts' views are mixed—average price target $11.40—with recent cuts (Oppenheimer, Wedbush), a Guggenheim buy, a Weiss sell initiation, and Citi moving to neutral.

STUB (NYSE:STUB - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $6.58 and last traded at $6.81, with a volume of 471515 shares. The stock had previously closed at $6.88.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on STUB shares. Guggenheim restated a "buy" rating on shares of STUB in a research report on Tuesday, February 24th. Oppenheimer decreased their price objective on STUB from $20.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, March 5th. Wedbush reiterated a "neutral" rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Weiss Ratings began coverage on STUB in a report on Wednesday, January 14th. They issued a "sell (d-)" rating on the stock. Finally, Citigroup raised STUB from a "sell" rating to a "neutral" rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, STUB presently has a consensus rating of "Hold" and an average price target of $11.40.

STUB Stock Down 3.1%

The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. The company's fifty day moving average price is $10.36. The stock has a market capitalization of $2.38 billion and a price-to-earnings ratio of -10.10.

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

Insider Activity

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares of the company's stock, valued at $597,181.26. This trade represents a 26.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Garner Asset Management Corp purchased a new position in shares of STUB in the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company purchased a new stake in STUB during the fourth quarter worth about $143,000. International Assets Investment Management LLC purchased a new stake in STUB during the fourth quarter worth about $149,000. Cerity Partners LLC acquired a new position in STUB during the fourth quarter worth about $150,000. Finally, Engineers Gate Manager LP acquired a new position in STUB during the fourth quarter worth about $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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