STUB (NYSE:STUB) Insider Mark Streams Sells 18,167 Shares

STUB (NYSE:STUB) insider Mark Streams sold 18,167 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $13.03, for a total transaction of $236,716.01. Following the completion of the sale, the insider owned 1,437,135 shares in the company, valued at $18,725,869.05. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 29th, Mark Streams sold 300 shares of STUB stock. The stock was sold at an average price of $13.00, for a total transaction of $3,900.00.
• On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68.

STUB Trading Down 0.4%

NYSE STUB opened at $12.82 on Thursday. The business has a fifty day moving average price of $9.62. The stock has a market capitalization of $4.81 billion and a price-to-earnings ratio of -21.37. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. STUB has a 12-month low of $5.74 and a 12-month high of $27.89.

STUB (NYSE:STUB) last posted its quarterly earnings data 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 business had revenue of $446.05 million during the quarter. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that STUB will post 0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock worth $3,574,000 after purchasing an additional 457,321 shares during the last quarter. Pine Ridge Advisers LLC purchased a new stake in STUB in the first quarter valued at approximately $4,117,000. Royal Bank of Canada boosted its position in STUB by 194.4% in 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. Rokos Capital Management LLP increased its holdings in STUB by 40.4% in the 1st quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after buying an additional 616,892 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in STUB by 481.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company’s stock worth $383,000 after buying an additional 50,784 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STUB shares. HSBC upgraded STUB to a “buy” rating in a research note on Tuesday, May 19th. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. UBS Group began coverage on shares of STUB in a research report on Tuesday, May 19th. They set a “neutral” rating on the stock. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of STUB in a report on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.50.

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.