Insider Selling: STUB (NYSE:STUB) Insider Sells 2,530 Shares of Stock

Key Points

• Insider selling: Mark Streams sold 2,530 STUB shares for $17,406.40 at an average price of $6.88, reducing his ownership by 0.18% to 1.39 million shares. He has made several other sales recently, including 150,000 shares on August 24.
• Stock performance: STUB traded at $6.57, near its 12-month low of $5.74 and well below its 50-day moving average of $9.61. The company has a market capitalization of approximately $2.51 billion.
• Analyst outlook: Analysts maintain a consensus “Hold” rating with an average price target of $10.83, though Bank of America reiterated an “Underperform” rating and lowered its target to $7.50.

STUB (NYSE:STUB - Get Free Report) insider Mark Streams sold 2,530 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $6.88, for a total value of $17,406.40. Following the transaction, the insider directly owned 1,391,516 shares of the company's stock, valued at approximately $9,573,630.08. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The stock was 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 shares were 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 shares were sold at an average price of $6.93, for a total value 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 value of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The stock was sold at an average price of $13.02, for a total value 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 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 shares were sold at an average price of $13.00, for a total value of $3,900.00.

STUB Stock Performance

NYSE STUB traded up $0.02 during trading on Friday, hitting $6.57. 4,284,807 shares of the company's stock traded hands, compared to its average volume of 5,431,334. 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 has a market capitalization of $2.51 billion and a price-to-earnings ratio of -1.14. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The business has a 50 day moving average of $9.61 and a 200-day moving average of $8.82.

Analysts Set New Price Targets

A number of research firms recently weighed in on STUB. Bank of America reiterated an "underperform" rating and issued a $7.50 price objective (down from $11.00) on shares of STUB in a research note on Thursday, August 13th. Craig Hallum cut STUB from a "hold" rating to a "hold" rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. increased their price objective on STUB from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Evercore set a $14.00 target price on STUB in a research note on Thursday, August 13th. Finally, Citigroup reiterated a "neutral" rating on shares of STUB in a research report on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.83.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STUB. Pittenger & Anderson Inc. purchased a new stake in shares of STUB in the first quarter worth $34,000. Royal Bank of Canada increased its stake in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after acquiring an additional 4,214 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of STUB in the 1st quarter valued at about $69,000. Garner Asset Management Corp bought a new stake in shares of STUB during the 4th quarter valued at about $92,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of STUB during the fourth quarter worth about $143,000.

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.

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