Insider Selling: STUB (NYSE:STUB) Insider Sells $236,716.01 in Stock

by · The Markets Daily

STUB (NYSE:STUB – Get Free Report) insider Mark Streams sold 18,167 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $13.03, for a total transaction of $236,716.01. Following the completion of the transaction, the insider owned 1,437,135 shares in the company, valued at $18,725,869.05. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • 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 transaction of $3,900.00.
  • On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The stock was sold at an average price of $9.04, for a total transaction of $2,102,405.68.

STUB Stock Up 0.2%

NYSE STUB opened at $12.88 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.84 billion and a P/E ratio of -21.47. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The firm has a 50-day simple moving average of $9.84.

STUB (NYSE:STUB – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts expect that STUB will post 0.56 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. HSBC upgraded STUB to a “buy” rating in a research note on Tuesday, May 19th. Citigroup assumed coverage on STUB in a report on Tuesday, May 19th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. Morgan Stanley boosted their price target on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Finally, BMO Capital Markets cut shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.50.

Get Our Latest Stock Report on STUB

Institutional Investors Weigh In On STUB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in STUB by 396.1% during the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after purchasing an additional 457,321 shares in the last quarter. Pine Ridge Advisers LLC acquired a new stake in STUB in the first quarter valued at approximately $4,117,000. Royal Bank of Canada grew its stake in shares of STUB by 194.4% during the first 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. Rokos Capital Management LLP grew its stake in shares of STUB by 40.4% during the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after buying an additional 616,892 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of STUB by 481.5% during the first quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company’s stock worth $383,000 after buying an additional 50,784 shares during the last quarter.

STUB Company Profile

(Get Free Report)

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.

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