STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 1,613 Shares

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 1,613 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $7.57, for a total transaction of $12,210.41. Following the completion of the transaction, the insider directly owned 93,445 shares in the company, valued at $707,378.65. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Scott Michael Fitzgerald also recently made the following trade(s):

• On Monday, April 13th, Scott Michael Fitzgerald sold 1,619 shares of STUB stock. The shares were sold at an average price of $6.50, for a total value of $10,523.50.
• On Wednesday, March 11th, Scott Michael Fitzgerald sold 28,387 shares of STUB stock. The shares were sold at an average price of $7.66, for a total value of $217,444.42.

STUB Trading Up 2.7%

NYSE:STUB traded up $0.20 during trading hours on Wednesday, hitting $7.52. The company had a trading volume of 9,941,952 shares, compared to its average volume of 4,058,422. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. The business’s 50-day moving average price is $7.20. The firm has a market capitalization of $2.68 billion and a P/E ratio of -11.39. STUB has a 1 year low of $5.74 and a 1 year high of $27.89.

STUB (NYSE:STUB) last issued its earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. On average, analysts forecast that STUB will post 0.34 earnings per share for the current year.

Hedge Funds Weigh In On STUB

Hedge funds have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after buying an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of STUB in the 4th quarter valued at $1,044,000. Index Venture Associates III Ltd purchased a new stake in shares of STUB in the 4th quarter valued at $85,192,000. Norges Bank purchased a new stake in shares of STUB in the 4th quarter valued at $23,678,000. Finally, Capital Research Global Investors purchased a new stake in shares of STUB in the 4th quarter valued at $106,887,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen upgraded STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup upgraded STUB from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 18th. Wedbush restated a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Craig Hallum began coverage on shares of STUB in a report on Thursday, January 29th. They issued a “hold” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings began coverage on shares of STUB in a report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.39.

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.