Key Points
- Insider sale: Scott Michael Fitzgerald sold 28,387 STUB shares on March 11 at an average of $7.66 for about $217,444, reducing his stake by 26.69% to 77,961 shares.
- Disappointing quarter: StubHub reported ($1.56) EPS—missing the ($0.01) estimate—with revenue of $449.17M, down 15.8% year‑over‑year.
- Market and sentiment: STUB traded down ~3.9% to $7.58 on below‑average volume, has a $2.79B market cap, and carries a mixed analyst consensus of "Hold" with a $11.40 average target.
STUB (NYSE:STUB - Get Free Report) insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction 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 owned 77,961 shares of the company's stock, valued at $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
STUB Stock Down 3.9%
STUB traded down $0.31 during midday trading on Friday, hitting $7.58. 1,232,006 shares of the company were exchanged, compared to its average volume of 4,187,745. The company has a market capitalization of $2.79 billion and a PE ratio of -11.48. STUB has a 1-year low of $7.37 and a 1-year high of $27.89. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27.
STUB (NYSE:STUB - Get Free Report) last released its quarterly earnings results 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 during the quarter. STUB's quarterly revenue was down 15.8% on a year-over-year basis.
Institutional Trading of STUB
Large investors have recently made changes to their positions in the company. Garner Asset Management Corp bought a new stake in STUB in the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company bought a new position in STUB in the fourth quarter worth approximately $143,000. International Assets Investment Management LLC bought a new position in STUB in the fourth quarter worth approximately $149,000. Cerity Partners LLC acquired a new stake in STUB in the fourth quarter valued at approximately $150,000. Finally, Engineers Gate Manager LP bought a new stake in shares of STUB during the fourth quarter valued at approximately $161,000.
Wall Street Analysts Forecast Growth
STUB has been the subject of several analyst reports. Guggenheim restated a "buy" rating on shares of STUB in a report on Tuesday, February 24th. Citigroup raised shares of STUB from a "sell" rating to a "neutral" rating in a research note on Wednesday, February 18th. Weiss Ratings started coverage on shares of STUB in a research note on Wednesday, January 14th. They set a "sell (d-)" rating for the company. Craig Hallum began coverage on shares of STUB in a report on Thursday, January 29th. They issued a "hold" rating and a $12.00 target price on the stock. Finally, Wedbush reaffirmed a "neutral" rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, STUB has an average rating of "Hold" and a consensus target price of $11.40.
Check Out Our Latest Report on STUB
STUB Company Profile
(
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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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