STUB (NYSE:STUB) Insider Mark Streams Sells 150,000 Shares of Stock

Key Points

• STUB insider Mark Streams sold 150,000 shares at an average price of $6.76, generating $1.014 million and reducing his ownership by 9.65% to 1,404,222 shares.
• Streams has made several additional sales recently, including 10,176 shares on August 25 and 6,500 shares on August 21, continuing a broader pattern of insider selling.
• STUB shares rose to $6.83 but remain well below their 12-month high of $27.89. Analysts’ average rating is Hold, with an average price target of $10.83.

STUB (NYSE:STUB - Get Free Report) insider Mark Streams sold 150,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $6.76, for a total value of $1,014,000.00. Following the completion of the sale, the insider owned 1,404,222 shares of the company's stock, valued at approximately $9,492,540.72. This trade represents a 9.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 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 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 stock was 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 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.

STUB Stock Performance

STUB stock traded up $0.15 on Tuesday, reaching $6.83. 4,890,780 shares of the stock were exchanged, compared to its average volume of 5,438,293. The stock has a market cap of $2.61 billion and a PE ratio of -1.19. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The firm has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $8.90.

Wall Street Analyst Weigh In

STUB has been the subject of several research analyst reports. Sanford C. Bernstein raised STUB to an "outperform" rating in a research report on Tuesday, May 19th. Bank of America reiterated an "underperform" rating and set a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Oppenheimer reduced their price objective on STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. TD Cowen dropped their target price on shares of STUB from $16.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday. Finally, UBS Group set a $7.50 target price on shares of STUB in a research note on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, STUB presently has an average rating of "Hold" and an average price target of $10.83.

Institutional Trading of STUB

A number of institutional investors and hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of STUB in the fourth quarter valued at $1,044,000. Garner Asset Management Corp bought a new stake in STUB in the 4th quarter valued at $92,000. International Assets Investment Management LLC bought a new stake in STUB in the 4th quarter valued at $149,000. Baader Bank Aktiengesellschaft acquired a new position in shares of STUB in the 4th quarter valued at $1,015,000. Finally, Cornerstone Wealth Management LLC raised its stake in shares of STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company's stock valued at $493,000 after buying an additional 6,070 shares in the last quarter.

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.

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