JPMorgan Chase & Co. Forecasts Strong Price Appreciation for STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) had its price target lifted by research analysts at JPMorgan Chase & Co. from $10.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 24.21% from the stock’s current price.

Several other research analysts also recently weighed in on STUB. Morgan Stanley lifted their target price on shares of STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a research report on Thursday. Weiss Ratings initiated coverage on shares of STUB in a research report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. Wall Street Zen raised shares of STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Craig Hallum initiated coverage on shares of STUB in a research report on Thursday, January 29th. They issued a “hold” rating and a $12.00 target price on the stock. Finally, Oppenheimer dropped their target price on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.75.

STUB Price Performance

STUB stock opened at $8.86 on Thursday. The stock has a 50 day moving average price of $7.14. The stock has a market capitalization of $3.16 billion and a P/E ratio of -13.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

STUB (NYSE:STUB) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that STUB will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $7.66, for a total transaction of $217,444.42. Following the transaction, the insider directly owned 77,961 shares in the company, valued at $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 264,186 shares of company stock worth $2,342,584 over the last ninety days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. purchased a new position in STUB during the first quarter valued at approximately $34,000. Garner Asset Management Corp purchased a new position in STUB during the fourth quarter valued at approximately $92,000. The Manufacturers Life Insurance Company purchased a new position in STUB during the fourth quarter valued at approximately $143,000. International Assets Investment Management LLC acquired a new stake in STUB in the fourth quarter valued at approximately $149,000. Finally, Lido Advisors LLC acquired a new stake in STUB in the first quarter valued at approximately $69,000.

More STUB News

Here are the key news stories impacting STUB this week:

• Positive Sentiment: StubHub reported Q1 EPS of $0.06, beating estimates and swinging to a profit from a loss a year ago, while revenue rose 12.2% year over year to $446.05 million. StubHub Holdings Earnings Call Signals Profitable Turn
• Positive Sentiment: Management reaffirmed full-year guidance and highlighted improving ticket demand and profitability, reinforcing hopes that the business turnaround is taking hold. StubHub shares pop on Q1 beat, reaffirmed full-year guidance
• Positive Sentiment: JPMorgan raised its price target on STUB to $11.00 from $10.00, signaling improved sentiment even though it kept a neutral rating. STUB (NYSE:STUB) Given New $11.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley also lifted its target to $8.75, suggesting analysts see more value in the stock after the earnings beat. STUB (NYSE:STUB) Given New $8.75 Price Target at Morgan Stanley
• Neutral Sentiment: An insider sale by Scott Michael Fitzgerald was disclosed, but the trade was relatively small and appears less important than the earnings and guidance news. Scott Michael Fitzgerald Sells 1,613 Shares of STUB (NYSE:STUB) Stock

STUB Company Profile

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.