Insider Selling: STUB (NYSE:STUB) Insider Sells $69,603.84 in Stock

STUB (NYSE:STUB) insider Mark Streams sold 10,176 shares of STUB stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $6.84, for a total transaction of $69,603.84. Following the sale, the insider owned 1,394,046 shares in the company, valued at $9,535,274.64. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were 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 shares were 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 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 transaction of $3,900.00.

STUB Price Performance

STUB traded up $0.15 during midday trading on Tuesday, reaching $6.83. 4,890,780 shares of the company’s stock were exchanged, compared to its average volume of 5,438,293. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $8.90. The firm has a market capitalization of $2.61 billion and a price-to-earnings ratio of -1.19. STUB has a one year low of $5.74 and a one year high of $27.89.

Analyst Upgrades and Downgrades

Several analysts recently commented on STUB shares. HSBC raised STUB to a “buy” rating in a research note on Tuesday, May 19th. UBS Group set a $7.50 price objective on STUB in a research note on Thursday, August 13th. Oppenheimer cut their price objective on STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Finally, TD Cowen lowered their target price on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, STUB currently has an average rating of “Hold” and a consensus price target of $10.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. WestCap Management LLC bought a new stake in STUB during the 4th quarter worth approximately $429,370,000. PointState Capital LP boosted its stake in STUB by 19.9% in the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Capital Research Global Investors acquired a new position in STUB in the fourth quarter worth $106,887,000. Index Venture Associates III Ltd acquired a new position in STUB in the fourth quarter worth $85,192,000. Finally, Capital International Investors bought a new stake in shares of STUB during the fourth quarter worth $55,235,000.

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.