Insider Selling: STUB (NYSE:STUB) Insider Sells $601,587.60 in Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 84,970 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the completion of the transaction, the insider directly owned 110,383 shares in the company, valued at $781,511.64. This trade represents a 43.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Scott Michael Fitzgerald also recently made the following trade(s):

• On Thursday, June 11th, Scott Michael Fitzgerald sold 867 shares of STUB stock. The stock was sold at an average price of $10.33, for a total transaction of $8,956.11.

STUB Trading Down 1.5%

STUB opened at $6.73 on Friday. The firm has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $8.96. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The company has a market cap of $2.53 billion and a price-to-earnings ratio of -1.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04.

Hedge Funds Weigh In On STUB

Several institutional investors and hedge funds have recently made changes to their positions in STUB. Royal Bank of Canada raised its stake in STUB by 194.4% during 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. Ardmore Road Asset Management LP increased its holdings in shares of STUB by 25.0% in the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after acquiring an additional 5,000 shares in the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of STUB during the first quarter worth about $34,000. Cornerstone Wealth Management LLC raised its position in shares of STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after purchasing an additional 6,070 shares during the period. Finally, Garner Asset Management Corp bought a new position in shares of STUB during the 4th quarter valued at about $92,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research report on Tuesday, May 19th. Morgan Stanley lifted their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Mizuho set a $11.00 target price on STUB in a report on Friday, August 14th. Finally, Oppenheimer decreased their target price on STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.