Thrive Capital Management LLC Takes Position in STUB $STUB

Thrive Capital Management LLC purchased a new stake in STUB (NYSE:STUB) in the 3rd quarter, Holdings Channel reports. The fund purchased 68,745 shares of the company’s stock, valued at approximately $1,158,000. STUB makes up 0.3% of Thrive Capital Management LLC’s holdings, making the stock its 5th biggest position.

Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC raised its holdings in STUB by 20.0% during 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 last quarter. Garner Asset Management Corp acquired a new position in STUB during the fourth quarter worth $92,000. International Assets Investment Management LLC acquired a new position in STUB during the fourth quarter worth $149,000. Baader Bank Aktiengesellschaft acquired a new position in STUB during the fourth quarter worth $1,015,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in STUB during the fourth quarter worth $1,044,000.

Insiders Place Their Bets

In other news, insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, the insider directly 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 legal filing with the SEC, which is available through the SEC website. Also, insider Mark Streams sold 232,567 shares of the business’s 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 completion of the transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This trade represents a 17.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 264,186 shares of company stock valued at $2,342,584.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on STUB shares. Wedbush reaffirmed a “neutral” rating and set a $10.00 price objective (down from $18.00) on shares of STUB in a report on Thursday, March 5th. HSBC raised STUB to a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley lifted their price objective on STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Citigroup started coverage on STUB in a report on Tuesday, May 19th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, STUB presently has a consensus rating of “Hold” and an average target price of $11.32.

STUB Stock Up 0.1%

NYSE STUB opened at $9.99 on Monday. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The firm has a market capitalization of $3.56 billion and a PE ratio of -16.65. The business has a fifty day moving average of $7.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

STUB (NYSE:STUB) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that STUB will post 0.48 EPS for the current year.

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.