Stock Traders Buy Large Volume of STUB Call Options (NYSE:STUB)

STUB (NYSE:STUB) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 19,841 call options on the company. This represents an increase of 150% compared to the typical volume of 7,948 call options.

Insider Transactions at STUB

In related news, insider Nayaab Islam sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00. Following the sale, the insider owned 8,451,964 shares of the company’s stock, valued at $118,412,015.64. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 28,531 shares of STUB stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the transaction, the insider owned 1,561,122 shares in the company, valued at $20,325,808.44. This trade represents a 1.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 412,034 shares of company stock worth $4,388,836. 30.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On STUB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STUB. Morling Financial Advisors LLC acquired a new position in STUB in the 1st quarter worth approximately $868,000. Stephens Group LLC boosted its holdings in shares of STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after acquiring an additional 673,715 shares during the last quarter. CWM LLC increased its stake in shares of STUB by 56,638.1% in the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares during the period. Pine Ridge Advisers LLC purchased a new position in shares of STUB during the first quarter worth $4,117,000. Finally, Galaxy Digital Inc. purchased a new position in shares of STUB during the first quarter worth $2,070,000.

Wall Street Analyst Weigh In

STUB has been the topic of a number of analyst reports. HSBC raised shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Guggenheim restated a “buy” rating on shares of STUB in a research note on Friday, June 12th. Morgan Stanley lifted their price target on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of STUB in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, STUB has a consensus rating of “Hold” and an average target price of $11.50.

STUB Stock Down 4.7%

NYSE STUB traded down $0.41 during trading on Tuesday, hitting $8.37. The company’s stock had a trading volume of 2,769,807 shares, compared to its average volume of 5,174,605. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $3.14 billion and a PE ratio of -13.94. The business’s 50 day simple moving average is $10.46 and its 200-day simple moving average is $9.37. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

STUB (NYSE:STUB) last posted its quarterly earnings data 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 company had revenue of $446.05 million for the quarter. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts anticipate that STUB will post 0.48 EPS for the current fiscal year.

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.