STUB (NYSE:STUB) Insider Mark Streams Sells 29,951 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 29,951 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $6.23, for a total value of $186,594.73. Following the completion of the transaction, the insider owned 1,361,565 shares in the company, valued at $8,482,549.95. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, September 3rd, Mark Streams sold 135,589 shares of STUB stock. The shares were sold at an average price of $6.39, for a total value of $866,413.71.
• On Wednesday, August 26th, Mark Streams sold 2,530 shares of STUB stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $6.93, for a total value 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 value of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The shares were sold at an average price of $13.02, for a total value 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 traded up $0.08 during mid-day trading on Friday, hitting $6.61. The stock had a trading volume of 6,018,997 shares, compared to its average volume of 5,472,047. The stock’s fifty day simple moving average is $9.09 and its 200-day simple moving average is $8.70. The firm has a market capitalization of $2.53 billion and a price-to-earnings ratio of -1.15. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STUB. Evercore set a $14.00 target price on STUB in a report on Thursday, August 13th. HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen lowered STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.83.

Hedge Funds Weigh In On STUB

Several hedge funds have recently modified their holdings of the stock. Stephens Group LLC increased its position in shares of STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after acquiring an additional 673,715 shares during the last quarter. Morling Financial Advisors LLC bought a new position in STUB in the first quarter valued at approximately $868,000. Bank of America Corp DE increased its position in shares of 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 during the last quarter. Pine Ridge Advisers LLC bought a new stake in shares of STUB during the 1st quarter worth approximately $4,117,000. Finally, Thrive Capital Management LLC bought a new stake in shares of STUB during the 3rd quarter worth approximately $1,158,000.

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.