STUB (NYSE:STUB) Insider Mark Streams Sells 2,530 Shares

STUB (NYSE:STUB) insider Mark Streams sold 2,530 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $6.88, for a total transaction of $17,406.40. Following the completion of the sale, the insider owned 1,391,516 shares of the company’s stock, valued at approximately $9,573,630.08. The trade was a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $6.84, for a total value 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 value 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 value 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 value 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 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 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 Price Performance

STUB stock opened at $6.57 on Friday. 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 business has a fifty day moving average of $9.51 and a two-hundred day moving average of $8.80. The company has a market cap of $2.51 billion and a P/E ratio of -1.14.

Key Headlines Impacting STUB

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Executive Vice Chairman and Chief Legal Officer Mark Streams sold 2,530 shares for approximately $17,406 at an average price of $6.88. The sale reduced his ownership by 0.18%. Top StubHub Executive Quietly Cashes Out in Notable Stock Sale
• Negative Sentiment: Insider Nayaab Islam sold 85,973 shares for roughly $589,775 at $6.86 per share. Combined with a 219,736-share sale on August 25, Islam has sold 305,709 shares worth about $2.08 million in two recent transactions, reducing the position by approximately 3.6%. Insider Selling: STUB Insider Sells 85,973 Shares
• Neutral Sentiment: Despite the selling, Islam still owned 8.15 million shares and Streams retained approximately 1.39 million shares after their respective transactions. Insider sales can reflect diversification or personal liquidity needs rather than a definitive view of future business performance.
• Neutral Sentiment: Analyst opinions remain mixed: five analysts rate STUB a Buy, seven rate it Hold and two rate it Sell. The consensus rating is Hold, with an average price target of $10.83, while recent targets include $11 from Oppenheimer and Mizuho and $14 from Evercore. The stock is trading well below those targets but remains below its 50-day and 200-day moving averages, signaling continued technical weakness.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STUB. Evercore set a $14.00 price objective on shares of STUB in a report on Thursday, August 13th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Oppenheimer reduced their price target on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.83.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of STUB by 194.4% during the 1st 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 during the last quarter. Ardmore Road Asset Management LP grew its stake in STUB by 25.0% in the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after acquiring an additional 5,000 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in STUB in the 1st quarter valued at about $34,000. Cornerstone Wealth Management LLC increased its holdings in STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after acquiring an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp purchased a new position in STUB during the 4th quarter valued at about $92,000.

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.