STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 84,970 Shares of Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 84,970 shares of STUB stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total value of $601,587.60. Following the completion of the transaction, the insider owned 110,383 shares of the company’s stock, valued at approximately $781,511.64. The trade was a 43.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, June 11th, Scott Michael Fitzgerald sold 867 shares of STUB stock. The shares were sold at an average price of $10.33, for a total transaction of $8,956.11.

STUB Trading Down 1.9%

Shares of NYSE:STUB opened at $6.81 on Friday. The company has a 50 day moving average price of $10.09 and a 200 day moving average price of $8.97. The stock has a market capitalization of $2.56 billion and a price-to-earnings ratio of -1.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a 1-year low of $5.74 and a 1-year high of $27.89.

Wall Street Analyst Weigh In

STUB has been the subject of several analyst reports. Bank of America reissued an “underperform” rating and set a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. UBS Group set a $7.50 price objective on STUB in a report on Thursday, August 13th. Finally, Guggenheim cut their price objective on shares of STUB from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, STUB presently has an average rating of “Hold” and a consensus price target of $10.73.

Institutional Trading of STUB

Institutional investors have recently bought and sold shares of the company. Stephens Group LLC boosted its holdings in STUB by 193.2% during the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after acquiring an additional 673,715 shares during the last quarter. Morling Financial Advisors LLC bought a new stake in shares of STUB in the 1st quarter worth approximately $868,000. CWM LLC boosted its position in STUB by 56,638.1% during the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after acquiring an additional 276,394 shares in the last quarter. Pine Ridge Advisers LLC purchased a new position in STUB during the first quarter valued at $4,117,000. Finally, Thrive Capital Management LLC purchased a new position in STUB in the third quarter worth about $1,158,000.

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.