Squarepoint Ops LLC Has $350,000 Stock Position in STUB $STUB

Key Points

• Squarepoint Ops LLC cut its STUB position by 96.4% in the second quarter, selling 735,349 shares and retaining 27,170 shares valued at approximately $350,000.
• STUB opened at $5.75, near its 12-month low of $5.72 and well below its 12-month high of $21.49. The stock has an average analyst rating of “Hold” and an average price target of $10.33.
• Insiders have been net sellers: insiders sold 1.14 million shares worth about $8.7 million over the last quarter, though insiders still own approximately 31% of the company.

Squarepoint Ops LLC lowered its position in STUB (NYSE:STUB - Free Report) by 96.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,170 shares of the company's stock after selling 735,349 shares during the quarter. Squarepoint Ops LLC's holdings in STUB were worth $350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STUB. Rose Capital Advisors LLC bought a new stake in shares of STUB in the 2nd quarter valued at approximately $183,000. Comprehensive Financial Management LLC lifted its stake in STUB by 13.6% in the second quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company's stock valued at $5,026,000 after acquiring an additional 46,808 shares during the last quarter. Stephens Group LLC lifted its stake in STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company's stock valued at $13,158,000 after acquiring an additional 673,715 shares during the last quarter. Bank of America Corp DE grew its position in STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company's stock worth $3,574,000 after acquiring an additional 457,321 shares in the last quarter. Finally, Pine Ridge Advisers LLC acquired a new position in shares of STUB during the 1st quarter worth $4,117,000.

STUB Stock Performance

STUB opened at $5.75 on Wednesday. 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 stock's 50 day moving average price is $7.46 and its two-hundred day moving average price is $8.40. The firm has a market capitalization of $2.20 billion and a P/E ratio of -1.00. STUB has a 12-month low of $5.72 and a 12-month high of $21.49.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Evercore set a $14.00 price objective on shares of STUB in a report on Thursday, August 13th. Oppenheimer lowered their target price on shares of STUB from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, August 13th. Citigroup upgraded STUB from a "neutral" rating to a "buy" rating and cut their target price for the company from $9.00 to $7.00 in a report on Friday, September 18th. Finally, UBS Group set a $7.50 price target on STUB in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.33.

Insider Transactions at STUB

In related news, insider Scott Michael Fitzgerald sold 84,970 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the transaction, the insider owned 110,383 shares of the company's stock, valued at approximately $781,511.64. The trade was a 43.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Streams sold 135,589 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $6.39, for a total transaction of $866,413.71. Following the transaction, the insider owned 1,225,976 shares of the company's stock, valued at approximately $7,833,986.64. The trade was a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,138,912 shares of company stock worth $8,690,701. Insiders own 30.97% of the company's stock.

STUB Company Profile

StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.

The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.

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