STUB (NYSE:STUB) Insider Mark Streams Sells 135,589 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 135,589 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total value of $866,413.71. Following the sale, the insider owned 1,225,976 shares in the company, valued at approximately $7,833,986.64. The trade was a 9.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, September 2nd, Mark Streams sold 29,951 shares of STUB stock. The stock was sold at an average price of $6.23, for a total value of $186,594.73.
• On Wednesday, August 26th, Mark Streams sold 2,530 shares of STUB stock. The shares were sold at an average price of $6.88, for a total value of $17,406.40.
• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The stock was sold at an average price of $6.84, for a total value of $69,603.84.
• On Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The stock was sold at an average price of $6.76, for a total transaction of $1,014,000.00.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The stock was sold at an average price of $6.93, for a total transaction of $45,045.00.
• On Tuesday, July 7th, Mark Streams sold 400 shares of STUB stock. The shares were sold at an average price of $14.01, for a total transaction of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The shares were sold at an average price of $13.02, for a total value of $371,473.62.
• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The stock was sold at an average price of $13.00, for a total value of $39,026.00.
• On Tuesday, June 30th, Mark Streams sold 18,167 shares of STUB stock. The shares were sold at an average price of $13.03, for a total value of $236,716.01.
• On Monday, June 29th, Mark Streams sold 300 shares of STUB stock. The shares were sold at an average price of $13.00, for a total transaction of $3,900.00.

STUB Stock Performance

Shares of STUB stock opened at $6.61 on Friday. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The firm has a market capitalization of $2.53 billion and a PE ratio of -1.15. The firm has a fifty day simple moving average of $8.98 and a two-hundred day simple moving average of $8.69. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STUB. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. Bank of America reiterated an “underperform” rating and issued a $7.50 target price (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Morgan Stanley raised their price target on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. TD Cowen cut their price target on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Finally, Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Stephens Group LLC raised its stake in shares of STUB by 193.2% during the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after purchasing an additional 673,715 shares during the period. Morling Financial Advisors LLC purchased a new stake in shares of STUB during the first quarter worth $868,000. Bank of America Corp DE lifted its position in shares of STUB by 396.1% during the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after acquiring an additional 457,321 shares in the last quarter. Pine Ridge Advisers LLC bought a new position in shares of STUB in the first quarter worth $4,117,000. Finally, Galaxy Digital Inc. purchased a new position in shares of STUB in the first quarter valued at $2,070,000.

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.