Insider Selling: STUB (NYSE:STUB) Insider Sells $186,594.73 in Stock

STUB (NYSE:STUB) insider Mark Streams sold 29,951 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.23, for a total value of $186,594.73. Following the sale, the insider owned 1,361,565 shares in the company, valued at approximately $8,482,549.95. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, September 3rd, Mark Streams sold 135,589 shares of STUB stock. The stock was sold at an average price of $6.39, for a total value of $866,413.71.
• On Wednesday, August 26th, Mark Streams sold 2,530 shares of STUB stock. The shares were sold at an average price of $6.88, for a total value of $17,406.40.
• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The shares were sold at an average price of $6.84, for a total value of $69,603.84.
• On Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The stock was sold at an average price of $6.76, for a total value 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 shares were 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 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 stock was 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 shares were sold at an average price of $13.00, for a total value of $3,900.00.

STUB Trading Up 0.2%

STUB opened at $6.61 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50 day moving average price is $8.98 and its 200-day moving average price is $8.68. STUB has a one year low of $5.74 and a one year high of $27.89. The stock has a market cap of $2.53 billion and a price-to-earnings ratio of -1.15.

Hedge Funds Weigh In On STUB

Several institutional investors have recently made changes to their positions in STUB. Garner Asset Management Corp bought a new stake in shares of STUB in the fourth quarter valued at about $92,000. International Assets Investment Management LLC bought a new position in STUB during the 4th quarter worth about $149,000. Baader Bank Aktiengesellschaft bought a new position in STUB during the 4th quarter worth about $1,015,000. Cornerstone Wealth Management LLC increased 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 valued at $493,000 after purchasing an additional 6,070 shares during the period. Finally, Thrive Capital Management LLC purchased a new position in STUB during the 3rd quarter valued at about $1,158,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STUB. Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Evercore set a $14.00 price objective on shares of STUB in a report on Thursday, August 13th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Bank of America restated an “underperform” rating and issued a $7.50 target price (down from $11.00) on shares of STUB in a research note on Thursday, August 13th. Finally, HSBC raised shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, STUB currently has a consensus rating of “Hold” and a consensus price target of $10.83.

STUB Company Profile

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.