STUB (NYSE:STUB) Shares Down 4.5% - Here's Why

Key Points

• Shares fell 4.5% to $6.15 on light volume after the company reported a major earnings miss — EPS of -$1.56 vs. a -$0.01 estimate and revenue of $449.17M, down 15.8% year-over-year.
• Wall Street has trimmed targets and turned cautious, with multiple price-target cuts (e.g., Oppenheimer, JPMorgan, Guggenheim) and a consensus rating of "Hold" and a $10.75 consensus price target.
• Insider activity and institutional moves are mixed: insider Scott Michael Fitzgerald sold 28,387 shares (reducing his stake by 26.69%), while several hedge funds (including Galaxy, Barrier, Freestone and Charles Schwab) initiated or added positions.

STUB (NYSE:STUB - Get Free Report) shares traded down 4.5% during mid-day trading on Monday . The stock traded as low as $6.17 and last traded at $6.15. 712,489 shares were traded during trading, a decline of 83% from the average session volume of 4,093,176 shares. The stock had previously closed at $6.44.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on STUB shares. Weiss Ratings started coverage on STUB in a research report on Wednesday, January 14th. They issued a "sell (d-)" rating for the company. Oppenheimer cut their target price on shares of STUB from $20.00 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, March 5th. Craig Hallum began coverage on shares of STUB in a research note on Thursday, January 29th. They issued a "hold" rating and a $12.00 target price on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Finally, Guggenheim cut their price target on shares of STUB from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.75.

STUB Stock Down 3.8%

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. The business has a fifty day simple moving average of $9.07. The stock has a market cap of $2.21 billion and a price-to-earnings ratio of -9.40.

STUB (NYSE:STUB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($1.56) earnings per share 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 firm's revenue was down 15.8% on a year-over-year basis.

Insider Transactions at STUB

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the company's 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 transaction, the insider owned 77,961 shares in the company, valued at approximately $597,181.26. This represents a 26.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On STUB

Hedge funds have recently added to or reduced their stakes in the company. Galaxy Group Investments LLC bought a new stake in shares of STUB in the 4th quarter worth $9,073,000. Barrier Capital Management LLC purchased a new stake in STUB during the fourth quarter valued at $6,025,000. Freestone Grove Partners LP bought a new position in shares of STUB in the 4th quarter worth approximately $3,961,000. Wells Fargo & Company MN raised its holdings in STUB by 27,039.3% in the 4th quarter. Wells Fargo & Company MN now owns 271,393 shares of the company's stock worth $3,672,000 after purchasing an additional 270,393 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new stake in STUB in the fourth quarter worth about $2,609,000.

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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