Mark Streams Sells 135,589 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 135,589 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total value of $866,413.71. Following the completion of the sale, the insider owned 1,225,976 shares in the company, valued at $7,833,986.64. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Streams also recently made the following trade(s):

• On Wednesday, September 2nd, Mark Streams sold 29,951 shares of STUB stock. The shares were sold at an average price of $6.23, for a total value of $186,594.73.
• On Wednesday, August 26th, Mark Streams sold 2,530 shares of STUB stock. The stock was sold at an average price of $6.88, for a total value of $17,406.40.
• 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 shares were 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 shares were sold at an average price of $6.93, for a total transaction 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 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 stock was sold at an average price of $13.00, for a total transaction 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 transaction 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 transaction of $3,900.00.

STUB Trading Up 1.2%

STUB opened at $6.61 on Friday. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a fifty day moving average of $8.98 and a 200-day moving average of $8.69. The stock has a market cap of $2.53 billion and a PE ratio of -1.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86.

Analysts Set New Price Targets

STUB has been the topic of a number of research reports. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Evercore set a $14.00 price target on shares of STUB in a research note on Thursday, August 13th. TD Cowen lowered their price objective on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Citigroup reaffirmed a “neutral” rating on shares of STUB in a research note on Wednesday, July 15th. Finally, Bank of America reissued an “underperform” rating and set a $7.50 target price (down from $11.00) on shares of STUB in a research report on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.83.

Key STUB News

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Analysts maintain a consensus “Hold” rating and an average price target of $10.83, considerably above recent levels. Five analysts rate STUB a Buy, while seven recommend Hold and two recommend Sell. TD Cowen maintains a Buy rating despite reducing its target to $12, and Evercore has set a $14 target. STUB analyst ratings and price targets
• Neutral Sentiment: Several institutional investors recently increased their holdings, including Royal Bank of Canada, Ardmore Road Asset Management and Cornerstone Wealth Management. However, the reported position changes are relatively small and do not necessarily indicate a broad-based institutional buying trend. STUB institutional trading report
• Neutral Sentiment: A FormPros announcement regarding instant pay-stub generation does not appear related to StubHub Holdings’ online ticket marketplace and is unlikely to affect STUB’s valuation or operations. FormPros announcement
• Negative Sentiment: Insiders sold a combined 300,503 STUB shares in transactions dated September 2–4 for approximately $1.95 million. Nayaab Islam sold 134,963 shares but still owns more than 8 million shares, while Mark Streams sold 165,540 shares, reducing his position by nearly 10%. Continued insider selling may weigh on investor sentiment and suggests limited near-term insider conviction. STUB insider sales report

Institutional Investors Weigh In On STUB

Several institutional investors have recently bought and sold shares of the stock. WestCap Management LLC purchased a new stake in STUB in the 4th quarter valued at $429,370,000. Capital Research Global Investors purchased a new position in STUB during the 4th quarter worth $106,887,000. Index Venture Associates III Ltd purchased a new position in STUB during the 4th quarter worth $85,192,000. PointState Capital LP grew 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 worth $335,860,000 after acquiring an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors bought a new stake in shares of STUB in the 4th quarter worth $55,235,000.

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.