STUB (NYSE:STUB) Insider Sells $1,014,000.00 in Stock

STUB (NYSE:STUB) insider Mark Streams sold 150,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $6.76, for a total value of $1,014,000.00. Following the completion of the sale, the insider directly owned 1,404,222 shares of the company’s stock, valued at approximately $9,492,540.72. This trade represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

STUB Price Performance

NYSE STUB opened at $6.55 on Friday. The company has a 50 day simple moving average of $9.61 and a 200-day simple moving average of $8.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $2.50 billion and a price-to-earnings ratio of -1.14. STUB has a 52-week low of $5.74 and a 52-week high of $27.89.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. upped their price target on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Bank of America reaffirmed an “underperform” rating and issued a $7.50 price target (down from $11.00) on shares of STUB in a research note on Thursday, August 13th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.83.

Institutional Trading of STUB

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

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.