Insider Selling: STUB (NYSE:STUB) Insider Sells $69,603.84 in Stock

STUB (NYSE:STUB) insider Mark Streams sold 10,176 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $6.84, for a total transaction of $69,603.84. Following the sale, the insider directly owned 1,394,046 shares in the company, valued at approximately $9,535,274.64. This represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction 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 transaction 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 stock was sold at an average price of $13.00, for a total value of $3,900.00.

STUB Trading Up 2.3%

STUB traded up $0.15 during mid-day trading 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 firm’s fifty day simple moving average is $9.90 and its two-hundred day simple moving average is $8.90. The stock has a market capitalization of $2.61 billion and a P/E ratio of -1.19. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04.

Institutional Trading of STUB

Hedge funds have recently added to or reduced their stakes in the business. WestCap Management LLC bought a new position in STUB during the fourth quarter worth about $429,370,000. PointState Capital LP increased its holdings in shares of STUB by 19.9% in the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after acquiring an additional 4,117,332 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of STUB in the fourth quarter worth about $106,887,000. Index Venture Associates III Ltd acquired a new stake in shares of STUB during the fourth quarter worth about $85,192,000. Finally, Capital International Investors acquired a new stake in shares of STUB during the fourth quarter worth about $55,235,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore set a $14.00 price objective on STUB in a research report on Thursday, August 13th. Morgan Stanley raised their target price on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Mizuho set a $11.00 price objective on shares of STUB in a report on Friday, August 14th. TD Cowen reduced their price objective on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Oppenheimer lowered their target price on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, STUB presently has a consensus rating of “Hold” and an average target price of $10.83.

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.