STUB (NYSE:STUB) Insider Mark Streams Sells 232,567 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 232,567 shares of STUB stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the sale, the insider directly owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. The trade was a 17.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

STUB Trading Up 3.6%

NYSE STUB opened at $8.86 on Friday. The company has a fifty day simple moving average of $7.14. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. The firm has a market cap of $3.16 billion and a P/E ratio of -13.42.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. STUB’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts predict that STUB will post 0.34 EPS for the current year.

Analysts Set New Price Targets

STUB has been the topic of several recent analyst reports. Guggenheim raised their price objective on STUB from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday. Wall Street Zen upgraded STUB from a “hold” rating to a “buy” rating in a research note on Saturday. Oppenheimer dropped their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.75.

Institutional Investors Weigh In On STUB

Hedge funds have recently made changes to their positions in the business. Pittenger & Anderson Inc. bought a new stake in shares of STUB during the 1st quarter worth $34,000. Lido Advisors LLC bought a new stake in shares of STUB during the 1st quarter worth $69,000. Garner Asset Management Corp bought a new stake in shares of STUB during the 4th quarter worth $92,000. The Manufacturers Life Insurance Company bought a new stake in shares of STUB during the 4th quarter worth $143,000. Finally, International Assets Investment Management LLC bought a new stake in shares of STUB during the 4th quarter worth $149,000.

Key STUB News

Here are the key news stories impacting STUB this week:

• Positive Sentiment: StubHub reported Q1 EPS of $0.06, beating estimates and swinging to a profit from a loss a year ago, while revenue rose 12.2% year over year to $446.05 million. StubHub Holdings Earnings Call Signals Profitable Turn
• Positive Sentiment: Management reaffirmed full-year guidance and highlighted improving ticket demand and profitability, reinforcing hopes that the business turnaround is taking hold. StubHub shares pop on Q1 beat, reaffirmed full-year guidance
• Positive Sentiment: JPMorgan raised its price target on STUB to $11.00 from $10.00, signaling improved sentiment even though it kept a neutral rating. STUB (NYSE:STUB) Given New $11.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley also lifted its target to $8.75, suggesting analysts see more value in the stock after the earnings beat. STUB (NYSE:STUB) Given New $8.75 Price Target at Morgan Stanley
• Neutral Sentiment: An insider sale by Scott Michael Fitzgerald was disclosed, but the trade was relatively small and appears less important than the earnings and guidance news. Scott Michael Fitzgerald Sells 1,613 Shares of STUB (NYSE:STUB) Stock

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.