STUB (NYSE:STUB) Rating Lowered to Strong Sell at Zacks Research

STUB (NYSE:STUB) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities research analysts also recently issued reports about the company. Citigroup raised STUB from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $9.00 to $7.00 in a research note on Friday, September 18th. Oppenheimer lowered their target price on STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Guggenheim dropped their target price on STUB from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Weiss Ratings downgraded STUB from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of STUB from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.92.

STUB Price Performance

NYSE:STUB opened at $5.59 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $5.86 and its 200 day moving average price is $8.20. STUB has a 52-week low of $5.07 and a 52-week high of $19.86. The firm has a market cap of $2.13 billion, a P/E ratio of -3.88, a PEG ratio of 0.59 and a beta of 3.44.

STUB (NYSE:STUB) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $501.95 million for the quarter. STUB had a positive return on equity of 1.91% and a negative net margin of 25.29%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted ($4.27) earnings per share. As a group, sell-side analysts predict that STUB will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Nayaab Islam sold 14,306 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $6.20, for a total value of $88,697.20. Following the sale, the insider owned 7,996,986 shares of the company’s stock, valued at $49,581,313.20. The trade was a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Streams sold 135,589 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the sale, the insider directly owned 1,225,976 shares in the company, valued at $7,833,986.64. This trade represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 991,338 shares of company stock worth $6,692,030. 30.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stephens Group LLC lifted its holdings in STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after purchasing an additional 673,715 shares during the last quarter. Bank of America Corp DE boosted its position in STUB by 396.1% during the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after purchasing an additional 457,321 shares during the period. Morling Financial Advisors LLC purchased a new position in shares of STUB in the first quarter worth about $868,000. Sequoia Financial Advisors LLC purchased a new position in shares of STUB in the second quarter worth about $7,953,000. Finally, Pine Ridge Advisers LLC purchased a new position in shares of STUB in the first quarter worth about $4,117,000.

Recent STUB Headlines

Here are a few of the latest headlines about STUB:

• Positive Sentiment: StubHub raised its full-year GMS growth guidance to 11%–13%, citing resilient consumer demand. Third-quarter sales and marketing expense also fell by 9 percentage points as a share of revenue, to 45%. Article: StubHub: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Analysts cut their forecasts following the results. JPMorgan lowered its price target to $8 from $11 and kept a neutral rating, reflecting a more cautious view despite the target remaining above the recent share price. Article: Analysts Cut Their Forecasts on StubHub After Weak Q3 Results
• Negative Sentiment: Reported open-market insider activity showed 27 sales and no purchases over the past six months, a potential additional source of investor concern. Article: STUB Stock Data and Insider Trading Activity

STUB Company Profile

StubHub Holdings, Inc. operates online marketplaces that connect buyers and sellers of tickets to live events, including sports, concerts, theater productions and other entertainment. Its platforms allow customers to browse listings, compare ticket options and complete purchases, while sellers can list tickets for sale. The company operates StubHub and viagogo, serving customers in the United States and international markets. Its business grew from StubHub, founded in 2000, and viagogo, which acquired StubHub from eBay in 2020.