Galaxy Digital Inc. Takes $2.07 Million Position in STUB $STUB

Galaxy Digital Inc. purchased a new position in shares of STUB (NYSE:STUB) in the 1st quarter, Holdings Channel reports. The firm purchased 331,708 shares of the company’s stock, valued at approximately $2,070,000. STUB comprises approximately 0.2% of Galaxy Digital Inc.’s portfolio, making the stock its 25th largest holding.

A number of other institutional investors also recently bought and sold shares of STUB. Pittenger & Anderson Inc. acquired a new position in STUB in the first quarter valued at approximately $34,000. Garner Asset Management Corp purchased a new position in shares of STUB during the fourth quarter worth about $92,000. The Manufacturers Life Insurance Company acquired a new stake in shares of STUB during the fourth quarter worth about $143,000. International Assets Investment Management LLC acquired a new stake in shares of STUB during the fourth quarter worth about $149,000. Finally, Lido Advisors LLC purchased a new stake in STUB in the first quarter valued at approximately $69,000.

STUB Stock Performance

STUB stock opened at $8.26 on Friday. The firm has a market capitalization of $3.10 billion and a P/E ratio of -13.76. STUB has a one year low of $5.74 and a one year high of $27.89. The firm has a fifty day simple moving average of $10.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The business’s revenue was up 12.2% compared to the same quarter last year. Sell-side analysts predict that STUB will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nayaab Islam sold 2,800 shares of STUB stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00. Following the completion of the transaction, the insider owned 8,451,964 shares of the company’s stock, valued at $118,412,015.64. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 28,531 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.02, for a total transaction of $371,473.62. Following the completion of the sale, the insider directly owned 1,561,122 shares in the company, valued at $20,325,808.44. This trade represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 413,647 shares of company stock worth $4,401,046. 30.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on STUB. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. raised their price target on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. UBS Group assumed coverage on STUB in a research report on Tuesday, May 19th. They issued a “neutral” rating on the stock. HSBC raised STUB to a “buy” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.

STUB 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.