STUB (NYSE:STUB) Insider Mark Streams Sells 232,567 Shares

STUB (NYSE:STUB) insider Mark Streams sold 232,567 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the completion of the sale, the insider owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This trade represents a 17.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

STUB Stock Up 3.6%

NYSE:STUB traded up $0.31 during trading hours on Friday, reaching $8.86. 6,539,181 shares of the company’s stock were exchanged, compared to its average volume of 4,236,327. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. The firm has a market cap of $3.16 billion and a price-to-earnings ratio of -13.42. The firm’s 50-day moving average is $7.14.

STUB (NYSE:STUB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Research analysts forecast that STUB will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in STUB during the first quarter worth about $34,000. Garner Asset Management Corp acquired a new stake in shares of STUB in the 4th quarter valued at approximately $92,000. The Manufacturers Life Insurance Company acquired a new stake in shares of STUB in the 4th quarter valued at approximately $143,000. International Assets Investment Management LLC acquired a new stake in shares of STUB in the 4th quarter valued at approximately $149,000. Finally, Lido Advisors LLC acquired a new position in STUB during the first quarter worth $69,000.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen raised STUB from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Citigroup raised STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Morgan Stanley upped their price target on STUB from $8.25 to $8.75 and gave the stock an “equal weight” rating in a research note on Thursday. Guggenheim increased their price target on STUB from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday. Finally, Wedbush reiterated a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, STUB currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Key Headlines Impacting STUB

Here are the key news stories impacting STUB this week:

• Positive Sentiment: StubHub reported Q1 EPS of $0.06, beating estimates and swinging to a profit from a loss a year ago, while revenue rose 12.2% year over year to $446.05 million. StubHub Holdings Earnings Call Signals Profitable Turn
• Positive Sentiment: Management reaffirmed full-year guidance and highlighted improving ticket demand and profitability, reinforcing hopes that the business turnaround is taking hold. StubHub shares pop on Q1 beat, reaffirmed full-year guidance
• Positive Sentiment: JPMorgan raised its price target on STUB to $11.00 from $10.00, signaling improved sentiment even though it kept a neutral rating. STUB (NYSE:STUB) Given New $11.00 Price Target at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley also lifted its target to $8.75, suggesting analysts see more value in the stock after the earnings beat. STUB (NYSE:STUB) Given New $8.75 Price Target at Morgan Stanley
• Neutral Sentiment: An insider sale by Scott Michael Fitzgerald was disclosed, but the trade was relatively small and appears less important than the earnings and guidance news. Scott Michael Fitzgerald Sells 1,613 Shares of STUB (NYSE:STUB) Stock

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.