Key Points
- Insider sale: STUB insider Nayaab Islam sold 16,720 shares on June 15 at an average price of $11.37, totaling about $190,106. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Stock and valuation context: STUB shares were up slightly, opening at $11.52, with the company carrying a market cap of $4.32 billion. The stock has traded between $5.74 and $27.89 over the past year.
- Business and analyst backdrop: Stubhub reported Q1 EPS of $0.06, topping estimates, on revenue of $446.05 million, up 12.2% year over year. Analysts currently rate the stock a Hold on average, with a consensus target price of $11.50.
STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 16,720 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the transaction, the insider directly owned 8,563,444 shares in the company, valued at $97,366,358.28. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
STUB Stock Up 0.1%
Shares of NYSE:STUB opened at $11.52 on Wednesday. The firm has a market capitalization of $4.32 billion and a price-to-earnings ratio of -19.19. The stock's 50 day moving average price is $8.44. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.
STUB (NYSE:STUB - Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that STUB will post 0.56 earnings per share for the current fiscal year.
Analyst Ratings Changes
STUB has been the subject of a number of analyst reports. UBS Group initiated coverage on STUB in a research report on Tuesday, May 19th. They issued a "neutral" rating for the company. BMO Capital Markets lowered STUB from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 19th. Citigroup initiated coverage on STUB in a research report on Tuesday, May 19th. They issued a "buy" rating for the company. Morgan Stanley increased their price target on STUB from $8.75 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 10th. Finally, Oppenheimer reduced their price objective on STUB from $20.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.50.
Get Our Latest Stock Report on STUB
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in STUB by 396.1% in the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company's stock valued at $3,574,000 after purchasing an additional 457,321 shares during the period. Pine Ridge Advisers LLC bought a new position in shares of STUB during the 1st quarter worth $4,117,000. Royal Bank of Canada grew its stake in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after acquiring an additional 4,214 shares during the period. Rokos Capital Management LLP grew its stake in shares of STUB by 40.4% during the 1st quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company's stock worth $13,375,000 after acquiring an additional 616,892 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of STUB by 481.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company's stock worth $383,000 after acquiring an additional 50,784 shares during the period.
About STUB
(
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.
Further Reading
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