Mark Streams Sells 150,000 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 150,000 shares of STUB stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $6.76, for a total value of $1,014,000.00. Following the sale, the insider directly owned 1,404,222 shares in the company, valued at $9,492,540.72. The trade was a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The shares were sold at an average price of $6.84, for a total value of $69,603.84.
• 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 value of $45,045.00.
• On Tuesday, July 7th, Mark Streams sold 400 shares of STUB stock. The stock was sold at an average price of $14.01, for a total value 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 shares were 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 stock was 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 value of $3,900.00.

STUB Price Performance

NYSE:STUB traded up $0.15 on Tuesday, reaching $6.83. The stock had a trading volume of 4,890,780 shares, compared to its average volume of 5,438,293. 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 company has a market capitalization of $2.61 billion and a P/E ratio of -1.19. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The stock has a fifty day moving average price of $9.90 and a 200-day moving average price of $8.90.

Institutional Trading of STUB

Institutional investors and hedge funds have recently made changes to their positions in the business. Pittenger & Anderson Inc. acquired a new stake in STUB in the first quarter worth $34,000. Royal Bank of Canada increased its holdings in shares of STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares in the last quarter. Lido Advisors LLC bought a new stake in shares of STUB in the first quarter worth about $69,000. Garner Asset Management Corp acquired a new stake in shares of STUB during the fourth quarter worth about $92,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of STUB during the fourth quarter worth about $143,000.

Analysts Set New Price Targets

Several brokerages have recently commented on STUB. UBS Group set a $7.50 target price on STUB in a report on Thursday, August 13th. Oppenheimer cut their price target on STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their price objective on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. Five 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. 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.