STUB Sees Unusually Large Options Volume (NYSE:STUB)

STUB (NYSE:STUB) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 19,841 call options on the company. This is an increase of 150% compared to the average volume of 7,948 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STUB. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. HSBC upgraded shares of STUB to a “buy” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. UBS Group assumed coverage on shares of STUB in a research report on Tuesday, May 19th. They set a “neutral” rating for the company. Finally, Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Four 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. Based on data from MarketBeat, STUB currently has an average rating of “Hold” and a consensus target price of $11.50.

STUB Stock Performance

STUB stock opened at $8.22 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The company has a market cap of $3.08 billion and a P/E ratio of -13.69. The stock’s fifty day moving average price is $10.43 and its 200-day moving average price is $9.32.

STUB (NYSE:STUB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. STUB’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that STUB will post 0.48 earnings per share for the current year.

Insider Activity

In related news, insider Mark Streams sold 232,567 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68. Following the sale, the insider owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. The trade was a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nayaab Islam sold 54,801 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03. Following the completion of the sale, the insider owned 8,454,764 shares in the company, valued at approximately $110,165,574.92. This trade represents a 0.64% 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 sold 412,034 shares of company stock valued at $4,388,836. 30.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On STUB

Several hedge funds and other institutional investors have recently made changes to their positions in STUB. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the first quarter worth approximately $34,000. Royal Bank of Canada increased its holdings in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after buying an additional 4,214 shares during the last quarter. Lido Advisors LLC bought a new position in STUB in the first quarter worth approximately $69,000. Garner Asset Management Corp purchased a new position in shares of STUB during the 4th quarter worth $92,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of STUB during the 4th quarter worth $143,000.

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.