Key Points
- Insider sale: Director Scott Michael Fitzgerald sold 1,619 shares on April 13 at $6.50 (≈$10,523), cutting his stake by 1.65%; he also sold 28,387 shares on March 11 at $7.66 (≈$217,444).
- Earnings miss: StubHub reported Q results with ($1.56) EPS versus ($0.01) expected and revenue of $449.17M, down 15.8% year-over-year.
- Analyst outlook: Several brokers lowered price targets and the consensus rating is a "Hold" with a $10.75 target; the stock has a one-year range of $5.74–$27.89 and a market cap of about $2.55B.
STUB (NYSE:STUB - Get Free Report) insider Scott Michael Fitzgerald sold 1,619 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $6.50, for a total value of $10,523.50. Following the transaction, the insider owned 96,741 shares of the company's stock, valued at $628,816.50. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Scott Michael Fitzgerald also recently made the following trade(s):
- On Wednesday, March 11th, Scott Michael Fitzgerald sold 28,387 shares of STUB stock. The shares were sold at an average price of $7.66, for a total value of $217,444.42.
STUB Stock Performance
NYSE STUB opened at $7.14 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. The company has a market cap of $2.55 billion and a P/E ratio of -10.81. STUB has a one year low of $5.74 and a one year high of $27.89. The firm's 50 day moving average price is $7.97.
STUB (NYSE:STUB - Get Free Report) last posted its 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 firm had revenue of $449.17 million during the quarter. The company's quarterly revenue was down 15.8% on a year-over-year basis.
Institutional Trading of STUB
A number of institutional investors have recently bought and sold shares of STUB. Ardmore Road Asset Management LP increased its stake in STUB by 25.0% in the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company's stock worth $338,000 after purchasing an additional 5,000 shares during the period. Cornerstone Wealth Management LLC increased its stake in STUB by 20.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company's stock worth $493,000 after purchasing an additional 6,070 shares during the period. Garner Asset Management Corp purchased a new stake in STUB in the fourth quarter worth $92,000. The Manufacturers Life Insurance Company purchased a new stake in STUB in the fourth quarter worth $143,000. Finally, International Assets Investment Management LLC purchased a new stake in STUB in the fourth quarter worth $149,000.
Analysts Set New Price Targets
A number of brokerages recently issued reports on STUB. Guggenheim lowered their price target on STUB from $9.00 to $7.50 and set a "neutral" rating for the company in a research report on Wednesday, March 25th. Wedbush restated a "neutral" rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. Oppenheimer lowered their price target on STUB from $20.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, March 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a research report on Thursday, March 5th. Finally, Weiss Ratings began coverage on STUB in a research report on Wednesday, January 14th. They issued a "sell (d-)" rating for the company. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.75.
Read Our Latest Stock Report on STUB
About STUB
(
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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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