STUB (NYSE:STUB) Insider Mark Streams Sells 150,000 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $6.76, for a total transaction of $1,014,000.00. Following the sale, the insider owned 1,404,222 shares in the company, valued at $9,492,540.72. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The stock was sold at an average price of $6.84, for a total transaction of $69,603.84.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The shares were sold at an average price of $6.93, for a total transaction 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 transaction of $5,604.00.
• 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 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 value 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 value 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 value of $3,900.00.

STUB Stock Performance

Shares of STUB opened at $6.83 on Wednesday. The stock’s 50-day simple moving average is $9.81 and its 200 day simple moving average is $8.86. The stock has a market capitalization of $2.61 billion and a price-to-earnings ratio of -1.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a 52-week low of $5.74 and a 52-week high of $27.89.

Institutional Investors Weigh In On STUB

A number of institutional investors and hedge funds have recently bought and sold shares of STUB. Pittenger & Anderson Inc. bought a new position in shares of STUB during the first quarter valued at about $34,000. Royal Bank of Canada boosted its stake in shares of 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 purchasing an additional 4,214 shares during the period. Garner Asset Management Corp bought a new position in shares of STUB in the fourth quarter worth approximately $92,000. The Manufacturers Life Insurance Company bought a new position in shares of STUB in the fourth quarter worth approximately $143,000. Finally, International Assets Investment Management LLC purchased a new position in shares of STUB in the fourth quarter worth $149,000.

Analyst Ratings Changes

STUB has been the subject of a number of analyst reports. BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Morgan Stanley increased their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. TD Cowen cut their price target on shares of STUB from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 21st. Guggenheim decreased their price target on shares of STUB from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.83.

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.