Insider Selling: STUB (NYSE:STUB) Insider Sells 3,002 Shares

STUB (NYSE:STUB) insider Mark Streams sold 3,002 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $13.00, for a total value of $39,026.00. Following the sale, the insider owned 1,434,133 shares of the company’s stock, valued at $18,643,729. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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.
• 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 Performance

STUB stock opened at $13.67 on Tuesday. The firm has a market cap of $5.13 billion and a PE ratio of -22.79. The stock has a fifty day moving average price of $9.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a one year low of $5.74 and a one year high of $27.89.

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 for the quarter. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts forecast that STUB will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On STUB

A number of large investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. acquired a new position in STUB during the first quarter worth about $34,000. Royal Bank of Canada grew 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 valued at $39,000 after purchasing an additional 4,214 shares during the last quarter. Garner Asset Management Corp acquired a new stake in shares of STUB in the fourth quarter valued at approximately $92,000. The Manufacturers Life Insurance Company purchased a new position in shares of STUB during the 4th quarter worth approximately $143,000. Finally, International Assets Investment Management LLC purchased a new position in shares of STUB during the 4th quarter worth approximately $149,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. HSBC raised STUB to a “buy” rating in a research note on Tuesday, May 19th. Morgan Stanley upped their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a report on Thursday, June 4th. Finally, Guggenheim restated a “buy” rating on shares of STUB in a research report on Friday, June 12th. Five equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.