STUB (NYSE:STUB) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Hold consensus from seven analysts — 1 sell, 5 hold and 1 buy — with an average 12‑month price target of $10.75.
• Last quarter was a large miss: EPS of ($1.56) versus consensus (−$0.01) and revenue of $449.17M (down 15.8% YoY); the stock trades near $6.99 and shows a negative P/E (−10.58).
• Insider Scott Michael Fitzgerald sold 28,387 shares at an average $7.66 on March 11, reducing his ownership by 26.69% in a roughly $217K transaction.

Shares of STUB (NYSE:STUB - Get Free Report) have earned a consensus recommendation of "Hold" from the seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.75.

A number of analysts have commented on the stock. Craig Hallum assumed coverage on shares of STUB in a research note on Thursday, January 29th. They set a "hold" rating and a $12.00 price objective for the company. Wedbush reaffirmed a "neutral" rating and set a $10.00 price objective (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Weiss Ratings assumed coverage on shares of STUB in a research note on Wednesday, January 14th. They set a "sell (d-)" rating for the company. Citigroup raised shares of STUB from a "sell" rating to a "neutral" rating in a research note on Wednesday, February 18th. Finally, Oppenheimer reduced their price objective on shares of STUB from $20.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, March 5th.

STUB Trading Down 2.7%

NYSE:STUB opened at $6.99 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a market cap of $2.49 billion and a price-to-earnings ratio of -10.58. The firm's 50-day simple moving average is $7.64.

STUB (NYSE:STUB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($1.55). The business had revenue of $449.17 million for the quarter. The business's revenue was down 15.8% compared to the same quarter last year. On average, research analysts forecast that STUB will post 0.35 earnings per share for the current year.

Insider Activity

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 represents a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of STUB

Hedge funds have recently made changes to their positions in the stock. Garner Asset Management Corp purchased a new stake in shares of STUB in the fourth quarter worth approximately $92,000. The Manufacturers Life Insurance Company purchased a new stake in shares of STUB in the fourth quarter worth approximately $143,000. International Assets Investment Management LLC purchased a new stake in shares of STUB in the fourth quarter worth approximately $149,000. Cerity Partners LLC purchased a new stake in shares of STUB in the fourth quarter worth approximately $150,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of STUB in the fourth quarter worth approximately $161,000.

STUB Company Profile

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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