STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 1,619 Shares of Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 1,619 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $6.50, for a total value of $10,523.50. Following the transaction, the insider owned 96,741 shares of the company’s stock, valued at approximately $628,816.50. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Scott Michael Fitzgerald also recently made the following trade(s):

• On Wednesday, March 11th, Scott Michael Fitzgerald sold 28,387 shares of STUB stock. The shares were sold at an average price of $7.66, for a total value of $217,444.42.

STUB Trading Up 3.4%

Shares of NYSE:STUB opened at $7.14 on Thursday. The company’s 50 day moving average is $7.97. The company has a market cap of $2.55 billion and a P/E ratio of -10.81. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. STUB has a 12-month low of $5.74 and a 12-month high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.55). The company had revenue of $449.17 million during the quarter. The business’s quarterly revenue was down 15.8% on a year-over-year basis.

Wall Street Analyst Weigh In

Several research firms have weighed in on STUB. Craig Hallum began coverage on STUB in a research note on Thursday, January 29th. They issued a “hold” rating and a $12.00 price target for the company. Weiss Ratings began coverage on STUB in a research note on Wednesday, January 14th. They issued a “sell (d-)” rating for the company. Guggenheim dropped their price target on STUB from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, March 25th. Wedbush restated a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Garner Asset Management Corp bought a new position in shares of STUB during the 4th quarter valued at approximately $92,000. The Manufacturers Life Insurance Company bought a new position in shares of STUB during the 4th quarter valued at approximately $143,000. International Assets Investment Management LLC bought a new position in shares of STUB during the 4th quarter valued at approximately $149,000. Cerity Partners LLC bought a new position in shares of STUB during the 4th quarter valued at approximately $150,000. Finally, Engineers Gate Manager LP bought a new position in shares of STUB during the 4th quarter valued at approximately $161,000.

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.