NEW YORK, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or otherwise acquired StubHub Holdings, Inc. (“StubHub” or the “Company”) (NYSE: STUB) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s September 2025 initial public offering (“IPO” or the “Offering”). ...

Company Overview - Insight Holdings Group disclosed a new position in StubHub Holdings, acquiring approximately $57.9 million of stock, representing 3.4 million shares as of September 30 [2][3][7] - StubHub's shares were priced at $13.95, down about 40% from its September IPO price of $23.50 [4] - As of November 14, StubHub's market capitalization was $4.91 billion, with a revenue of $1.80 billion and a net income of -$54.83 million [5] Business Model - StubHub operates a global digital marketplace for secondary ticket sales across various live events, generating revenue primarily from transaction fees [9] - The company connects buyers and sellers, facilitating secure and efficient ticket resale transactions, focusing on event-goers seeking access to sold-out or high-demand entertainment [10] Financial Performance - In the third quarter, StubHub generated $2.4 billion in gross merchandise sales, an 11% year-over-year increase, with growth accelerating to 24% when excluding the impact of the Taylor Swift tour [11] - Revenue rose 8% to $468 million, while adjusted EBITDA increased by 21% to $67 million, indicating improving operating leverage as scale increases [11] - The headline GAAP loss was $1.3 billion, primarily due to a one-time $1.4 billion stock-based compensation charge related to the IPO, not reflecting a deterioration in the underlying business [12] Strategic Positioning - StubHub used IPO proceeds to reduce approximately $750 million of debt, lowering net leverage to 3.9 times trailing EBITDA, which is a positive indicator for long-term holders [12] - The new position by Insight Holdings is viewed as a measured bet on marketplace resilience, balance sheet repair, and steady margin expansion rather than a short-term trade [13]

RADNOR, Pa., Dec. 16, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against StubHub Holdings, Inc. (“StubHub”) (NYSE: STUB) on behalf of those who purchased or otherwise acquired StubHub common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Offering Documents”) issued in connection with StubHub’s September 2025 initial public offering. The lea ...

Core Viewpoint - StubHub Holdings, Inc. is facing a class action lawsuit related to its September 17, 2025 IPO, with allegations of misleading offering documents and significant financial discrepancies [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Salabaj v. StubHub Holdings, Inc., accuses StubHub and its executives of violating the Securities Act of 1933 [1]. - Investors who purchased StubHub common stock during the IPO have until January 23, 2026, to seek lead plaintiff status in the lawsuit [1][5]. - The lawsuit claims that StubHub's IPO documents were materially false or misleading, particularly regarding changes in vendor payment timing and its impact on free cash flow [3]. Group 2: Financial Performance and Impact - StubHub's IPO involved the issuance of approximately 34 million shares at an offering price of $23.50 per share [2]. - The lawsuit alleges that StubHub reported a free cash flow of negative $4.6 million for Q3 2025, marking a 143% decrease year-over-year [3]. - Following the release of disappointing financial results, StubHub's stock price fell nearly 21%, and by the time the lawsuit commenced, the stock was trading at $10.31 per share, a decline of nearly 56% from the IPO price [3][4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading firm in securities fraud litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone [6].

Core Viewpoint - The article summarizes significant analyst rating changes that are expected to impact the market, highlighting both upgrades and downgrades across various companies and sectors [1][6]. Upgraded Ratings - Roku (ROKU): Morgan Stanley upgraded the rating from "Underweight" to "Overweight," raising the target price from $85 to $135, citing strong performance in the digital advertising market and expected robust growth in U.S. advertising spending by 2026 [5]. - Okta (OKTA): Jefferies upgraded the rating from "Hold" to "Buy," increasing the target price from $90 to $125, noting Okta's efforts to build a comprehensive identity authentication platform that can capitalize on the growing demand for intelligent agents [5]. - ServiceNow (NOW): Guggenheim upgraded the rating from "Sell" to "Neutral," stating that the current stock price is below the previously set target price, making it attractive [5]. - Rockwell Automation (ROK): Goldman Sachs upgraded the rating from "Sell" to "Neutral," raising the target price from $329 to $448, highlighting the potential operational leverage from structural price increases under new management [5]. - L3 Harris Technologies (LHX): Morgan Stanley upgraded the rating from "Hold" to "Overweight," increasing the target price from $350 to $367, based on a positive outlook for the aerospace and defense sector in 2026, with demand growth expected to outpace supply [5]. Downgraded Ratings - Zimmer Biomet (ZBH): Baird downgraded the rating from "Outperform" to "Neutral," lowering the target price from $117 to $100, citing disappointing performance expectations for 2025 and potential market share loss to Stryker's Mako orthopedic surgical robot [5]. - Capri Holdings (CPRI): Wells Fargo downgraded the rating from "Overweight" to "Hold," raising the target price from $25 to $27, indicating that previous positive factors driving the stock price have diminished, leading to increased market divergence on growth expectations [5]. - Lockheed Martin (LMT): Morgan Stanley downgraded the rating from "Overweight" to "Hold," reducing the target price from $630 to $543, while still optimistic about the aerospace and defense sector's outlook [5]. - StubHub (STUB): Citizens Bank downgraded the rating from "Outperform" to "Market Perform," with no target price set, anticipating increased market competition in 2026 that may limit market share growth [5]. - GitLab (GTLB): KeyBanc downgraded the rating from "Overweight" to "Sector Weight," with no target price set, expressing concerns over pricing power potentially hindering growth and increased execution risks due to a shift to a usage-based billing model [5]. Initiated Coverage - MongoDB (MDB): Raymond James initiated coverage with a "Market Perform" rating and no target price, noting the balanced market sentiment around the stock despite its strategic importance in the independent database platform sector [11]. - D-Wave Quantum (QBTS): Jefferies initiated coverage with a "Buy" rating and a target price of $45, highlighting the increasing market attention and application rates for various quantum computing architectures [11]. - Omnicom Group (OMC): Morgan Stanley resumed coverage with a "Hold" rating and a target price of $88, indicating that the company's merger integration efforts present both opportunities and risks [11]. - Freshpet (FRPT): Morgan Stanley initiated coverage with a "Hold" rating and a target price of $71, recognizing the long-term growth potential in the pet food industry but cautioning against short-term economic pressures [11]. - Jumia Technologies (JMIA): Craig-Hallum initiated coverage with a "Buy" rating and a target price of $18, emphasizing the company's optimized product offerings and logistics network as key drivers for achieving sustainable double-digit growth by 2030 [11].

Upgrades - Morgan Stanley upgraded L3Harris Technologies (LHX) to Overweight from Equal Weight with a price target of $367, up from $350, citing attractive aerospace and defense demand outpacing supply growth into 2026 [2] - Morgan Stanley also upgraded General Dynamics (GD) to Overweight [2] - Goldman Sachs upgraded Rockwell Automation (ROK) to Neutral from Sell with a price target of $448, up from $329, highlighting early stages of structural pricing improvements under new management [3] - Jefferies upgraded Okta (OKTA) to Buy from Hold with a price target of $125, up from $90, noting significant opportunities in building a complete identity platform [4] - Morgan Stanley upgraded Roku (ROKU) to Overweight from Underweight with a price target of $135, up from $85, anticipating a strong 2026 for U.S. advertising spend due to digital strength [4] Downgrades - Baird downgraded Zimmer Biomet (ZBH) to Neutral from Outperform with a price target of $100, down from $117, due to disappointing 2025 projections despite good initial product uptake [5] - Wells Fargo downgraded Capri Holdings (CPRI) to Equal Weight from Overweight with a price target of $27, up from $25, arguing that positive catalysts are now behind and risk/reward is more balanced [5] - Morgan Stanley downgraded Lockheed Martin (LMT) to Equal Weight from Overweight with a price target of $543, down from $630, while still viewing aerospace and defense as attractive [5] - Citizens downgraded StubHub (STUB) to Market Perform from Outperform, expecting increased competition in 2026 to limit share gains [5] - KeyBanc downgraded GitLab (GTLB) to Sector Weight from Overweight, indicating pricing power will be a headwind and execution risk is increasing due to business model changes [5]

Core Viewpoint - The Gross Law Firm is notifying shareholders of StubHub Holdings, Inc. regarding a class action lawsuit related to misleading statements made by the company during its initial public offering in September 2025 [1][2]. Group 1: Allegations - The complaint alleges that during the class period, the company issued materially false and misleading statements and failed to disclose significant changes in the timing of payments to vendors [2]. - These changes adversely impacted the company's free cash flow, leading to materially misleading reports regarding free cash flow for the trailing 12 months [2]. - As a result of these issues, the positive statements made by the company about its business operations and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is January 23, 2026, and they are encouraged to register without delay [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. - There is no cost or obligation for shareholders to participate in this case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses due to misleading statements or omissions by companies [4].

Core Viewpoint - A securities fraud class action lawsuit has been filed against StubHub Holdings, Inc. alleging misrepresentations in the company's registration statement related to its September 2025 IPO [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the Southern District of New York on behalf of investors who acquired StubHub common stock linked to the registration statement from the IPO [3]. - Allegations include that the company failed to disclose significant changes in payment timing to vendors, which adversely affected free cash flow, leading to materially misleading free cash flow reports [4]. Group 2: Legal Process and Representation - Investors wishing to serve as lead plaintiffs must file by January 23, 2026, and representation is on a contingency fee basis, meaning shareholders incur no fees or expenses [5]. - The law firm Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has been recognized for its litigation success [6].

Core Insights - StepStone Group has made a significant investment in StubHub, acquiring nearly 7.6 million shares valued at approximately $127.3 million, which represents 59.9% of its reportable U.S. equity assets as of September 30 [2][3][10] Company Overview - StubHub is a leading technology platform in the secondary ticketing industry, facilitating transactions for sports, concerts, theater, and live events across more than 200 countries [6][9] - The company generates revenue primarily through transaction fees charged to buyers and sellers for each ticket sold on its platform [9] - As of the latest market close, StubHub's share price is $13.95, with a market capitalization of $5.1 billion and a revenue of $1.8 billion for the trailing twelve months (TTM) [4][6] Financial Performance - StubHub reported gross merchandise sales of $2.4 billion, an 11% increase year-over-year, with revenue rising 8% to $468 million [11] - Adjusted EBITDA increased by 21% to $67 million, with margins expanding to 14%, indicating improved operating leverage [11] - The company used IPO proceeds to reduce debt by approximately $750 million, lowering net leverage to 3.9 times trailing adjusted EBITDA, which strengthens its balance sheet [12] Market Position - StubHub's competitive advantage lies in its broad international reach and established brand, positioning it as a key player in the global event ticket resale market [6] - The secondary ticketing market is cyclical and sentiment-driven, but demand for live events has shown resilience even amid tightening discretionary spending [10]

Core Viewpoint - Class action lawsuits have been filed against several publicly-traded companies, alleging misleading statements and failures to disclose critical information that affected shareholders during specified class periods [1]. Group 1: Freeport-McMoRan Inc. (NYSE: FCX) - The class period for Freeport-McMoRan is from February 15, 2022, to September 24, 2025, with a lead plaintiff deadline of January 12, 2026 [2]. - Allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers and potential regulatory and reputational consequences [2]. Group 2: Perrigo Company plc (NYSE: PRGO) - The class period for Perrigo is from February 27, 2023, to November 4, 2025, with a lead plaintiff deadline of January 16, 2026 [3]. - The complaint claims significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures beyond stated estimates, resulting in overstated financial results [3]. Group 3: StubHub Holdings, Inc. (NYSE: STUB) - The class period for StubHub is from its September 2025 IPO, with a lead plaintiff deadline of January 23, 2026 [4]. - Allegations include misleading statements regarding changes in vendor payment timing, adversely affecting free cash flow and misrepresenting the company's financial health [4]. Group 4: Alexandria Real Estate Equities, Inc. (NYSE: ARE) - The class period for Alexandria is from January 27, 2025, to October 27, 2025, with a lead plaintiff deadline of January 26, 2026 [5]. - The complaint alleges that the company overstated the value of its life-science properties and downplayed declining occupancy stability, leading to materially misleading statements about its business prospects [5].