Mark Streams Sells 28,531 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 28,531 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.02, for a total value of $371,473.62. Following the transaction, 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 legal filing with the SEC, which is available at this hyperlink. 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 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 stock was sold at an average price of $13.00, for a total transaction 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 transaction of $2,102,405.68.

STUB Stock Up 6.3%

Shares of NYSE STUB opened at $13.67 on Tuesday. The stock’s fifty day moving average price is $9.98. The company has a market capitalization of $5.13 billion and a PE ratio of -22.79. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.

STUB (NYSE:STUB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. STUB’s revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that STUB will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On STUB

Large investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. bought a new position in shares of STUB during the 1st quarter worth approximately $34,000. Royal Bank of Canada lifted its position in shares of STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new position in STUB during the first quarter worth $69,000. Garner Asset Management Corp acquired a new position in STUB during the fourth quarter worth $92,000. Finally, The Manufacturers Life Insurance Company bought a new position in STUB in the fourth quarter valued at $143,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on STUB shares. JPMorgan Chase & Co. raised their price target on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Guggenheim reiterated a “buy” rating on shares of STUB in a research report on Friday, June 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a research note on Thursday, June 4th. HSBC upgraded shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Finally, BMO Capital Markets cut shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, STUB presently has an average rating of “Hold” and a consensus price target of $11.50.

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.