Constance James Sells 116,644 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) CFO Constance James sold 116,644 shares of STUB stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $7.06, for a total transaction of $823,506.64. Following the completion of the transaction, the chief financial officer owned 349,934 shares of the company’s stock, valued at $2,470,534.04. This represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

STUB Trading Down 1.5%

NYSE STUB opened at $6.73 on Friday. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The firm has a 50 day moving average of $10.00 and a two-hundred day moving average of $8.96. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.53 billion and a PE ratio of -1.17.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STUB. CWM LLC raised its stake in STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in STUB in the fourth quarter valued at $1,044,000. Garner Asset Management Corp acquired a new position in STUB in the fourth quarter valued at $92,000. International Assets Investment Management LLC purchased a new position in shares of STUB during the fourth quarter worth about $149,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of STUB during the fourth quarter worth about $1,015,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STUB. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Oppenheimer cut their target price on STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Finally, BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.83.

About STUB

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.