STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 28,387 Shares

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 28,387 shares of STUB stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the transaction, the insider directly owned 77,961 shares in the company, valued at approximately $597,181.26. This trade represents a 26.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

STUB Stock Up 3.8%

Shares of STUB stock traded up $0.29 during trading hours on Thursday, hitting $7.87. The stock had a trading volume of 4,107,109 shares, compared to its average volume of 5,269,784. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03. STUB has a twelve month low of $7.37 and a twelve month high of $27.89.

STUB (NYSE:STUB) last announced its earnings results on Wednesday, March 4th. The company reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.55). The firm had revenue of $449.17 million for the quarter. STUB’s revenue for the quarter was down 15.8% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STUB shares. Wedbush reissued a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Wall Street Zen raised STUB from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research report on Tuesday, February 24th. Weiss Ratings began coverage on STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. Finally, Craig Hallum initiated coverage on STUB in a research note on Thursday, January 29th. They set a “hold” rating and a $12.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.40.

Institutional Investors Weigh In On STUB

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Index Venture Associates III Ltd acquired a new stake in STUB in the 4th quarter valued at about $85,192,000. Norges Bank purchased a new stake in shares of STUB in the fourth quarter valued at about $23,678,000. Capital Research Global Investors acquired a new stake in shares of STUB in the fourth quarter valued at approximately $106,887,000. Capital International Investors acquired a new position in shares of STUB during the 4th quarter worth approximately $55,235,000. Finally, Intellectus Partners LLC purchased a new stake in STUB in the 4th quarter valued at approximately $467,000.

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.