Investors Buy Large Volume of Call Options on STUB (NYSE:STUB)

Key Points

• STUB call-option activity surged: Investors bought 15,991 call options, 53% above the average daily volume of 10,440, signaling elevated options-market interest.
• Shares fell 7% to $6.13 during Tuesday trading, near the stock’s $5.74 one-year low. STUB’s analyst consensus remains “Hold,” with a $10.83 average price target.
• Insiders have been selling: Company insiders sold 1.16 million shares worth approximately $8.9 million over the past three months, while insiders retain a 30.97% ownership stake.

STUB (NYSE:STUB - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors bought 15,991 call options on the company. This represents an increase of 53% compared to the average daily volume of 10,440 call options.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded STUB from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 7th. Evercore set a $14.00 price target on shares of STUB in a research note on Thursday, August 13th. BMO Capital Markets cut STUB from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 19th. HSBC upgraded STUB to a "buy" rating in a research report on Tuesday, May 19th. Finally, Craig Hallum lowered shares of STUB from a "hold" rating to a "hold" rating in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.83.

STUB Trading Down 7.0%

Shares of NYSE STUB traded down $0.47 during mid-day trading on Tuesday, hitting $6.13. The company's stock had a trading volume of 1,951,925 shares, compared to its average volume of 5,449,277. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $2.34 billion and a price-to-earnings ratio of -1.07. The company's fifty day simple moving average is $8.85 and its 200-day simple moving average is $8.67. STUB has a one year low of $5.74 and a one year high of $27.89.

Insider Buying and Selling at STUB

In other STUB news, insider Nayaab Islam sold 24,554 shares of the company's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $6.69, for a total transaction of $164,266.26. Following the completion of the sale, the insider directly owned 8,011,292 shares in the company, valued at $53,595,543.48. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Streams sold 135,589 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total value of $866,413.71. Following the transaction, the insider directly owned 1,225,976 shares of the company's stock, valued at $7,833,986.64. This represents a 9.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,156,499 shares of company stock worth $8,889,763. 30.97% of the stock is owned by insiders.

Hedge Funds Weigh In On STUB

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in STUB by 194.4% during the first 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 in the last quarter. Ardmore Road Asset Management LP grew its position in shares of STUB by 25.0% in the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company's stock valued at $338,000 after purchasing an additional 5,000 shares during the period. Pittenger & Anderson Inc. acquired a new position in shares of STUB in the first quarter valued at approximately $34,000. Cornerstone Wealth Management LLC increased its position in shares of STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company's stock worth $493,000 after acquiring an additional 6,070 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of STUB during the fourth quarter worth $143,000.

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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