STUB (NYSE:STUB) Given New $8.00 Price Target at JPMorgan Chase & Co.

STUB (NYSE:STUB) had its target price lowered by JPMorgan Chase & Co. from $11.00 to $8.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 44.27% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Bank of America downgraded shares of STUB from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $11.00 to $7.50 in a report on Thursday, August 13th. Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group set a $7.50 price objective on STUB in a report on Thursday, August 13th. Evercore set a $14.00 price objective on STUB in a research report on Thursday, August 13th. Finally, Mizuho set a $11.00 target price on STUB in a report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, STUB has a consensus rating of “Hold” and an average price target of $9.92.

STUB Price Performance

Shares of STUB traded down $0.10 during mid-day trading on Wednesday, reaching $5.54. The company had a trading volume of 4,945,693 shares, compared to its average volume of 5,560,372. The company’s 50 day simple moving average is $5.87 and its 200 day simple moving average is $8.25. STUB has a 1-year low of $5.07 and a 1-year high of $19.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -0.97, a P/E/G ratio of 0.61 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The company had revenue of $501.95 million for the quarter. STUB had a negative return on equity of 9.50% and a negative net margin of 93.54%. STUB’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted ($4.27) EPS. Analysts expect that STUB will post 0.35 EPS for the current year.

Insider Buying and Selling

In other STUB news, insider Nayaab Islam sold 14,306 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 7,996,986 shares in the company, valued at approximately $49,581,313.20. This represents a 0.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Streams sold 135,589 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total transaction of $866,413.71. Following the transaction, the insider directly owned 1,225,976 shares of the company’s stock, valued at $7,833,986.64. The trade was a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 991,338 shares of company stock worth $6,692,030 over the last three months. Insiders own 30.97% of the company’s stock.

Institutional Investors Weigh In On STUB

Several institutional investors and hedge funds have recently made changes to their positions in STUB. Meeder Asset Management Inc. acquired a new stake in STUB during the 3rd quarter valued at approximately $33,000. Royce & Associates LP acquired a new position in shares of STUB in the 3rd quarter worth approximately $144,000. Russell Investments Group Ltd. lifted its position in shares of STUB by 80.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 32,163 shares of the company’s stock worth $179,000 after purchasing an additional 14,301 shares during the period. Joel Isaacson & Co. LLC lifted its position in shares of STUB by 9.3% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 58,500 shares of the company’s stock worth $326,000 after purchasing an additional 5,000 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in shares of STUB in the 3rd quarter valued at $1,672,000.

Recent STUB Headlines

Investors following STUB have been watching these headlines:

• Positive Sentiment: StubHub raised its full-year gross merchandise sales growth outlook to 11%–13%, citing resilient consumer demand. Third-quarter sales and marketing expenses also fell as a share of revenue, a potential support for profitability. Article: StubHub: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Third-quarter adjusted earnings came in at $0.05 per share, below estimates of roughly $0.10–$0.11. Revenue of $501.95 million also missed expectations of about $524 million, weighing against the improved sales outlook. Article: StubHub Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Reported insider activity showed 27 open-market sales and no purchases over the past six months, a potential cautionary signal for investors. Article: STUB Insider Trading and Institutional Activity

About STUB

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.