Sequoia Financial Advisors LLC Makes New $7.95 Million Investment in STUB $STUB

Sequoia Financial Advisors LLC acquired a new stake in STUB (NYSE:STUB) in the second quarter, Holdings Channel.com reports. The firm acquired 617,968 shares of the company’s stock, valued at approximately $7,953,000.

Several other large investors also recently added to or reduced their stakes in STUB. International Assets Investment Management LLC purchased a new position in shares of STUB during the fourth quarter worth about $149,000. Baader Bank Aktiengesellschaft bought a new position in shares of STUB during the fourth quarter valued at about $1,015,000. Cornerstone Wealth Management LLC grew its position in STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after acquiring an additional 6,070 shares during the last quarter. Thrive Capital Management LLC bought a new position in shares of STUB in the third quarter worth approximately $1,158,000. Finally, Kazazian Asset Management LLC purchased a new position in shares of STUB in the fourth quarter valued at about $667,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Evercore set a $14.00 price target on STUB in a research report on Thursday, August 13th. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Bank of America restated an “underperform” rating and set a $7.50 target price (down from $11.00) on shares of STUB in a research note on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.83.

STUB Price Performance

NYSE STUB opened at $6.01 on Friday. The business’s fifty day moving average is $8.30 and its 200 day moving average is $8.59. The company has a market capitalization of $2.30 billion and a PE ratio of -1.05. 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 fifty-two week low of $5.74 and a fifty-two week high of $27.89.

Insider Activity

In other news, insider Nayaab Islam sold 219,736 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $6.78, for a total value of $1,489,810.08. Following the completion of the sale, the insider directly owned 8,232,228 shares of the company’s stock, valued at $55,814,505.84. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Constance James sold 116,644 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $7.06, for a total value of $823,506.64. Following the completion of the sale, the chief financial officer owned 349,934 shares of the company’s stock, valued at $2,470,534.04. The trade was a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,155,632 shares of company stock valued at $8,880,807. Company insiders own 30.97% of the company’s stock.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.