Mark Streams Sells 6,500 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 6,500 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $6.93, for a total value of $45,045.00. Following the completion of the sale, the insider directly owned 1,554,222 shares of the company’s stock, valued at approximately $10,770,758.46. This represents a 0.42% decrease in their position. The sale 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 transaction 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 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 transaction of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The stock was 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 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 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 stock was sold at an average price of $13.00, for a total value of $3,900.00.

STUB Stock Performance

Shares of STUB opened at $6.56 on Thursday. The stock has a 50-day moving average of $9.71 and a two-hundred day moving average of $8.84. STUB has a one year low of $5.74 and a one year 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. The stock has a market cap of $2.51 billion and a P/E ratio of -1.14.

Institutional Investors Weigh In On STUB

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

Analysts Set New Price Targets

A number of research firms recently commented on STUB. Citigroup reaffirmed a “neutral” rating on shares of STUB in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Evercore set a $14.00 target price on shares of STUB in a report on Thursday, August 13th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.