STUB (NYSE:STUB) Insider Mark Streams Sells 3,002 Shares

STUB (NYSE:STUB) insider Mark Streams sold 3,002 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $13.00, for a total transaction of $39,026.00. Following the sale, the insider directly owned 1,434,133 shares in the company, valued at $18,643,729. This trade represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The stock was sold at an average price of $13.02, for a total value of $371,473.62.
• On Tuesday, June 30th, Mark Streams sold 18,167 shares of STUB stock. The stock was 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.
• On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The shares were sold at an average price of $9.04, for a total value of $2,102,405.68.

STUB Stock Up 1.3%

NYSE STUB opened at $13.86 on Tuesday. The company has a market capitalization of $5.21 billion and a P/E ratio of -23.12. The firm’s 50 day moving average price is $9.98. 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 released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that STUB will post 0.56 earnings per share for the current year.

Key Stories Impacting STUB

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Insider Nayaab Islam sold 54,801 shares of STUB, worth about $714,057, under a pre-arranged 10b5-1 trading plan. While routine, the size of the sale may still pressure sentiment. STUB insider sells 54,801 shares of stock
• Negative Sentiment: Additional insider sales were reported by Nayaab Islam and Mark Streams, adding to the impression that multiple insiders are trimming positions rather than buying. Insider Selling: STUB Insider Sells 2,099 Shares
• Negative Sentiment: StubHub Holdings Inc. is also being probed in Texas over alleged “ghost ticketing” charges, which raises a potential legal and reputational overhang for StubHub Holdings Inc. (NYSE:STUB). StubHub under investigation in Texas over ghost ticketing charges

Hedge Funds Weigh In On STUB

Hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after buying an additional 276,394 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of STUB during the fourth quarter valued at approximately $1,044,000. Garner Asset Management Corp bought a new stake in STUB during the fourth quarter worth $92,000. International Assets Investment Management LLC bought a new stake in STUB during the fourth quarter worth $149,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in STUB in the fourth quarter worth $1,015,000.

Wall Street Analyst Weigh In

STUB has been the subject of several analyst reports. Citigroup began coverage on STUB in a research note on Tuesday, May 19th. They issued a “buy” rating for the company. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Morgan Stanley upped their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price target on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of STUB in a research note on Thursday, June 4th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.50.

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.