STUB (NYSE:STUB) Stock Gets Price Target Reduction from Guggenheim

by · The Markets Daily

STUB (NYSE:STUB – Free Report) had its target price decreased by Guggenheim from $11.00 to $9.00 in a research report released on Friday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other research firms also recently issued reports on STUB. Mizuho set a $11.00 price objective on shares of STUB in a report on Friday, August 14th. Evercore set a $14.00 price objective on shares of STUB in a research report on Thursday, August 13th. TD Cowen lowered their target price 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. Oppenheimer lowered their target price on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of STUB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.17.

View Our Latest Analysis on STUB

STUB Stock Up 0.0%

Shares of STUB stock opened at $6.12 on Friday. The stock’s fifty day moving average price is $6.63 and its 200 day moving average price is $8.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. STUB has a 1-year low of $5.22 and a 1-year high of $21.49. The company has a market cap of $2.34 billion and a price-to-earnings ratio of -1.07.

STUB (NYSE:STUB – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share 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 business had revenue of $573.07 million during the quarter. On average, research analysts expect that STUB will post 0.38 earnings per share for the current fiscal year.

Insider Transactions at STUB

In other STUB news, insider Scott Michael Fitzgerald sold 84,970 shares of STUB stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total transaction 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. The trade was a 43.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Streams sold 150,000 shares of STUB stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $6.76, for a total value of $1,014,000.00. Following the sale, the insider directly owned 1,404,222 shares of the company’s stock, valued at approximately $9,492,540.72. This represents a 9.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 991,338 shares of company stock valued at $6,692,030 in the last quarter. Insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Several large investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the first quarter worth about $34,000. Royal Bank of Canada lifted its holdings in shares of STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares during the period. Lido Advisors LLC acquired a new stake in shares of STUB during the first quarter worth about $69,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of STUB during the first quarter worth about $164,000. Finally, Rose Capital Advisors LLC purchased a new stake in STUB in the second quarter valued at approximately $183,000.

About STUB

(Get Free Report)

StubHub Holdings, Inc operates online ticket marketplaces that connect buyers and sellers of tickets for live events. Through the StubHub and viagogo platforms, the company offers tickets to sporting events, concerts, theater productions, festivals and other entertainment experiences. Its services generally include ticket discovery, digital transactions, delivery and customer support.

StubHub was founded in 2000 by Eric Baker and Jeff Fluhr. eBay acquired the company in 2007, and StubHub was later sold to viagogo in 2020.

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