New York, June 16, 2026, 04:25 EDT
- StubHub has gained 23% in the past five sessions, last trading at $11.50 late Monday. TIKR.com
- DME Capital, run by David Einhorn, owned 4.23 million shares of StubHub valued at about $26.4 million at the end of Q1, according to an SEC filing.
- Guggenheim is sticking with its Buy on STUB and holding to its $12.50 target. The firm pointed to the World Cup as a clear boost for short-term demand. Insider Monkey
StubHub Holdings shares moved up, with STUB stock getting a lift after David Einhorn’s DME Capital revealed a new position. Wall Street also pointed to higher demand for 2026 FIFA World Cup tickets. TIKR said the stock surged 23% over five days. It rose another 7% after DME’s move was announced. The shares last traded at $11.50, a bit above the last close. TIKR.com
DME Capital disclosed a position in StubHub in its latest 13F with the SEC. On March 31, DME reported 670,570 StubHub Class A shares held under other-managed discretion and another 3,562,630 shares with sole discretion. The total is 4,233,200 shares, valued at about $26.4 million at the end of the quarter. 13F reports are point-in-time, so any changes after March aren’t shown. SEC
StubHub picked up attention after Guggenheim kept its Buy rating in place. Shares finished Friday at $11.46, up 7.91%, according to Insider Monkey on Yahoo Finance. Guggenheim’s price target remains $12.50. The firm pointed to the upcoming World Cup as a main catalyst. The FIFA event, set for June 11 to July 19, falls in StubHub’s second and third quarters, usually busy for event ticket sales. Insider Monkey
StubHub posted gross merchandise sales of $2.2 billion for the quarter, a 7% rise. Revenue was $446.0 million, up 12%. Adjusted EBITDA came in at $72.1 million. Net income hit $48.0 million, swinging from a $22.2 million loss a year ago. Founder and CEO Eric Baker called it “a positive start to 2026.” StubHub kept its full-year GMS view at $9.9 billion to $10.1 billion, and adjusted EBITDA guidance at $400 million to $420 million. StubHub
David Einhorn has taken a position in StubHub, adding it to his value playbook. That’s separate from the five “transition” stocks he pitched at the May Sohn Investment Conference, according to Business Insider. At Sohn, Einhorn named Acadia Healthcare, Centene, Fluor, Versant Media, and Victoria’s Secret, pointing to operational changes and margin upside. StubHub didn’t show up at Sohn, but Einhorn’s latest 13F now includes it among his value names. Question is if better cash flow, lower leverage and active sports calendars can turn things around for StubHub after a tough run since the IPO. businessinsider.com
