STUB (NYSE:STUB) Insider Mark Streams Sells 18,167 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 18,167 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $13.03, for a total value of $236,716.01. Following the completion of the transaction, the insider owned 1,437,135 shares of the company’s stock, valued at $18,725,869.05. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $13.00, for a total value 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 value of $2,102,405.68.

STUB Trading Down 0.4%

Shares of NYSE:STUB traded down $0.05 during midday trading on Wednesday, reaching $12.82. The company had a trading volume of 4,557,325 shares, compared to its average volume of 8,518,099. The stock has a market capitalization of $4.81 billion and a PE ratio of -21.37. The stock has a 50 day simple moving average of $9.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. STUB has a 52-week low of $5.74 and a 52-week high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts forecast that STUB will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STUB. WestCap Management LLC purchased a new stake in shares of STUB during the fourth quarter worth $429,370,000. Capital Research Global Investors purchased a new position in shares of STUB in the fourth quarter valued at $106,887,000. Index Venture Associates III Ltd bought a new stake in shares of STUB during the 4th quarter valued at $85,192,000. PointState Capital LP lifted its holdings in STUB by 19.9% during the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors bought a new position in STUB in the 4th quarter worth about $55,235,000.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of STUB in a research note on Thursday, June 4th. Wedbush reissued a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. UBS Group began coverage on STUB in a research note on Tuesday, May 19th. They issued a “neutral” rating on the stock. HSBC upgraded STUB to a “buy” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen lowered STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

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.