Mark Streams Sells 18,167 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 18,167 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $13.03, for a total value of $236,716.01. Following the sale, the insider owned 1,437,135 shares of the company’s stock, valued at $18,725,869.05. This represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Streams also recently made the following trade(s):

• On Monday, June 29th, Mark Streams sold 300 shares of STUB stock. The stock was sold at an average price of $13.00, for a total value of $3,900.00.
• On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The shares were sold at an average price of $9.04, for a total value of $2,102,405.68.

STUB Stock Performance

Shares of STUB stock opened at $12.88 on Friday. The company has a market capitalization of $4.84 billion and a P/E ratio of -21.47. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $9.73.

STUB (NYSE:STUB) last issued its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts predict that STUB will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On STUB

A number of institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in STUB during the first quarter valued at $34,000. Royal Bank of Canada grew its position in shares of STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after buying an additional 4,214 shares during the period. Garner Asset Management Corp bought a new position in shares of STUB in the 4th quarter worth about $92,000. The Manufacturers Life Insurance Company bought a new position in shares of STUB in the 4th quarter worth about $143,000. Finally, International Assets Investment Management LLC purchased a new position in STUB during the 4th quarter valued at about $149,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on STUB shares. Oppenheimer lowered their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley boosted their price target on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Wedbush reaffirmed a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. Finally, Citigroup began coverage on STUB in a report on Tuesday, May 19th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, STUB currently has an average rating of “Hold” and an average target price of $11.50.

STUB Company Profile

Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.