Stock Track | Hub Group Plunges 29.48% in Pre-Market on Financial Restatement and Analyst Downgrade

Stock Track

Feb 06

Hub Group's stock experienced a sharp pre-market plunge of 29.48% on Friday, following significant corporate developments that rattled investor confidence.

The transportation and logistics company announced it will restate its financial statements for the first three quarters of 2025 due to an accounting error that understated purchased transportation costs and accounts payable by approximately $77 million. Concurrently, Hub Group delayed its full earnings release and conference call, contributing to negative sentiment in the extended trading session.

Adding to the pressure, analyst firm Baird downgraded Hub Group's stock rating from "outperform" to "neutral" and slashed its price target from $47 to $29. The company also provided preliminary revenue guidance for fiscal 2025 that indicates a potential decline from the previous year, further weighing on the stock price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1121395106"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1121395106\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1121395106?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-06 18:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1121395106","market":"us","top_or_hot":-1,"title":"Stock Track | Hub Group Plunges 29.48% in Pre-Market on Financial Restatement and Analyst Downgrade","media":"Stock Track","content":"<p>Hub Group's stock experienced a sharp pre-market plunge of 29.48% on Friday, following significant corporate developments that rattled investor confidence.</p><p>The transportation and logistics company announced it will restate its financial statements for the first three quarters of 2025 due to an accounting error that understated purchased transportation costs and accounts payable by approximately $77 million. Concurrently, Hub Group delayed its full earnings release and conference call, contributing to negative sentiment in the extended trading session.</p><p>Adding to the pressure, analyst firm Baird downgraded Hub Group's stock rating from \"outperform\" to \"neutral\" and slashed its price target from $47 to $29. The company also provided preliminary revenue guidance for fiscal 2025 that indicates a potential decline from the previous year, further weighing on the stock price.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hub Group Plunges 29.48% in Pre-Market on Financial Restatement and Analyst Downgrade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hub Group Plunges 29.48% in Pre-Market on Financial Restatement and Analyst Downgrade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-02-06 18:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hub Group's stock experienced a sharp pre-market plunge of 29.48% on Friday, following significant corporate developments that rattled investor confidence.</p><p>The transportation and logistics company announced it will restate its financial statements for the first three quarters of 2025 due to an accounting error that understated purchased transportation costs and accounts payable by approximately $77 million. Concurrently, Hub Group delayed its full earnings release and conference call, contributing to negative sentiment in the extended trading session.</p><p>Adding to the pressure, analyst firm Baird downgraded Hub Group's stock rating from \"outperform\" to \"neutral\" and slashed its price target from $47 to $29. The company also provided preliminary revenue guidance for fiscal 2025 that indicates a potential decline from the previous year, further weighing on the stock price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUBG","symbol_name":"Hub Group Inc","start_time":0,"source_url":"","article_id":"1121395106","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121395106","pubTimestamp":1770373409,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hub Group's stock experienced a sharp pre-market plunge of 29.48% on Friday, following significant corporate developments that rattled investor confidence.The transportation and logistics company...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUBG":"Hub Group Inc"},"translate_title":"个股追踪|Hub集团盘前暴跌29.48%因财务重述及分析师下调评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUBG":1},"content_text":"Hub Group's stock experienced a sharp pre-market plunge of 29.48% on Friday, following significant corporate developments that rattled investor confidence.The transportation and logistics company announced it will restate its financial statements for the first three quarters of 2025 due to an accounting error that understated purchased transportation costs and accounts payable by approximately $77 million. Concurrently, Hub Group delayed its full earnings release and conference call, contributing to negative sentiment in the extended trading session.Adding to the pressure, analyst firm Baird downgraded Hub Group's stock rating from \"outperform\" to \"neutral\" and slashed its price target from $47 to $29. The company also provided preliminary revenue guidance for fiscal 2025 that indicates a potential decline from the previous year, further weighing on the stock price.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}