Insider Selling: STUB (NYSE:STUB) Insider Sells $371,473.62 in Stock

STUB (NYSE:STUB) insider Mark Streams sold 28,531 shares of STUB stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $13.02, for a total transaction of $371,473.62. Following the completion of the sale, the insider owned 1,561,122 shares in the company, valued at approximately $20,325,808.44. This trade represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The stock was sold at an average price of $13.00, for a total transaction 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 transaction of $236,716.01.
• 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 value of $3,900.00.
• On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The stock was sold at an average price of $9.04, for a total value of $2,102,405.68.

STUB Price Performance

Shares of STUB stock opened at $12.71 on Thursday. The firm’s 50 day moving average price is $10.22. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The firm has a market capitalization of $4.77 billion and a PE ratio of -21.19. 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 (NYSE:STUB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts anticipate that STUB will post 0.56 EPS for the current fiscal year.

Key Stories Impacting STUB

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders have sold STUB shares in recent days, including a larger sale by Nayaab Islam, which may signal reduced confidence or simply profit-taking after the stock’s recent rally. STUB insider buying and selling alert
• Negative Sentiment: Brokerage coverage remains mixed, with the latest report saying STUB has an average rating of “Hold,” reinforcing the idea that Wall Street is not yet broadly bullish on the stock. STUB receives average rating of Hold from brokerages
• Neutral Sentiment: Recent earnings were better than expected, with STUB posting a profit versus estimates for a small loss and revenue growing 12.2% year over year, which provides some fundamental support even as sentiment stays uneven.

Hedge Funds Weigh In On STUB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. acquired a new stake in shares of STUB in the 1st quarter worth $34,000. Royal Bank of Canada boosted its position in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares during the last quarter. Garner Asset Management Corp purchased a new stake in shares of STUB in the fourth quarter valued at about $92,000. The Manufacturers Life Insurance Company purchased a new stake in shares of STUB in the fourth quarter valued at about $143,000. Finally, International Assets Investment Management LLC acquired a new stake in STUB during the fourth quarter worth about $149,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STUB shares. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Morgan Stanley raised their price target on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. UBS Group assumed coverage on shares of STUB in a report on Tuesday, May 19th. They issued a “neutral” rating for the company. Finally, Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.