STUB (NYSE:STUB) Insider Sells 2,530 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 2,530 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $6.88, for a total transaction of $17,406.40. Following the completion of the transaction, the insider directly owned 1,391,516 shares of the company’s stock, valued at approximately $9,573,630.08. This represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The shares were sold at an average price of $6.76, for a total transaction of $1,014,000.00.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The stock was 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 stock was 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 transaction of $371,473.62.
• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The shares were 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 Price Performance

STUB stock traded up $0.02 during mid-day trading on Friday, hitting $6.57. 4,284,807 shares of the stock were exchanged, compared to its average volume of 5,431,334. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $9.61 and a 200 day moving average price of $8.82. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The stock has a market capitalization of $2.51 billion and a price-to-earnings ratio of -1.14.

Hedge Funds Weigh In On STUB

Several hedge funds and other institutional investors have recently modified their holdings of STUB. Stephens Group LLC grew its stake in shares of STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after purchasing an additional 673,715 shares during the last quarter. Morling Financial Advisors LLC purchased a new position in STUB during the 1st quarter valued at about $868,000. Pine Ridge Advisers LLC bought a new position in STUB during the 1st quarter valued at approximately $4,117,000. Thrive Capital Management LLC bought a new position in STUB during the 3rd quarter valued at approximately $1,158,000. Finally, Galaxy Digital Inc. bought a new position in STUB during the 1st quarter valued at approximately $2,070,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STUB. Citigroup reissued a “neutral” rating on shares of STUB in a report on Wednesday, July 15th. TD Cowen cut their target price on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 21st. Mizuho set a $11.00 price target on shares of STUB in a research report on Friday, August 14th. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley raised their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.