Key Points
- Insider Mark Streams sold 232,567 shares of STUB on May 14 at an average price of $9.04, totaling about $2.1 million. After the sale, he still held 1,114,001 shares, and the transaction reduced his ownership by 17.27%.
- STUB recently reported strong Q1 results, with EPS of $0.06 beating expectations and revenue rising 12.2% year over year to $446.05 million. The company also swung to a profit from a loss a year earlier.
- Management reaffirmed full-year guidance, while analysts mostly remain cautious but slightly more positive, with several firms raising price targets and the consensus rating staying at Hold.
STUB (NYSE:STUB - Get Free Report) insider Mark Streams sold 232,567 shares of STUB stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $9.04, for a total value of $2,102,405.68. Following the sale, the insider owned 1,114,001 shares in the company, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
STUB Price Performance
NYSE STUB opened at $8.86 on Friday. The company has a market cap of $3.16 billion and a PE ratio of -13.42. STUB has a one year low of $5.74 and a one year high of $27.89. 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 business's fifty day simple moving average is $7.14.
STUB (NYSE:STUB - Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The company's revenue was up 12.2% compared to the same quarter last year. Research analysts expect that STUB will post 0.34 EPS for the current fiscal year.
Key Stories Impacting STUB
Here are the key news stories impacting STUB this week:
Wall Street Analysts Forecast Growth
STUB has been the topic of a number of research reports. Morgan Stanley boosted their price objective on STUB from $8.25 to $8.75 and gave the company an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on STUB from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday. Guggenheim boosted their price objective on STUB from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday. Oppenheimer lowered their price objective on STUB from $20.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded STUB from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.75.
View Our Latest Research Report on STUB
Institutional Investors Weigh In On STUB
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STUB. WestCap Management LLC bought a new stake in STUB in the 4th quarter valued at about $429,370,000. Capital Research Global Investors purchased a new position in STUB during the 4th quarter valued at about $106,887,000. Index Venture Associates III Ltd purchased a new position in STUB during the 4th quarter valued at about $85,192,000. PointState Capital LP grew its holdings in STUB by 19.9% during the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company's stock valued at $335,860,000 after buying an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors purchased a new position in STUB during the 4th quarter valued at about $55,235,000.
STUB Company Profile
(
Get Free Report)
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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