STUB (NYSE:STUB) Shares Down 7% - Time to Sell?

Key Points

• STUB shares fell 7% to about $6.14 in mid-day trading, well below the 50-day and 200-day moving averages near $8.85 and $8.67.
• Analyst sentiment remains mixed: five analysts rate the stock Buy, seven Hold, and two Sell, producing a consensus Hold rating and an average price target of $10.83.
• Insiders sold 1.16 million shares worth $8.9 million over the past 90 days, although several institutional investors—including Stephens Group and Bank of America—recently increased their positions.

STUB (NYSE:STUB - Get Free Report) shares were down 7% during mid-day trading on Tuesday . The company traded as low as $6.14 and last traded at $6.1410. Approximately 1,826,807 shares were traded during mid-day trading, a decline of 66% from the average session volume of 5,449,277 shares. The stock had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen lowered their price objective on STUB from $16.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, August 21st. Craig Hallum lowered shares of STUB from a "hold" rating to a "hold" rating in a report on Tuesday, May 19th. Sanford C. Bernstein upgraded STUB to an "outperform" rating in a report on Tuesday, May 19th. Oppenheimer lowered their target price on STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Finally, UBS Group set a $7.50 target price on STUB in a report on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.83.

STUB Price Performance

The firm has a market cap of $2.36 billion and a P/E ratio of -1.07. 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 business's 50 day moving average is $8.85 and its two-hundred day moving average is $8.67.

Insiders Place Their Bets

In related news, insider Mark Streams sold 150,000 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $6.76, for a total transaction of $1,014,000.00. Following the sale, the insider owned 1,404,222 shares in the company, valued at $9,492,540.72. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Constance James sold 116,644 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $7.06, for a total value of $823,506.64. Following the sale, the chief financial officer directly owned 349,934 shares of the company's stock, valued at $2,470,534.04. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,156,499 shares of company stock valued at $8,889,763 over the last 90 days. 30.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System acquired a new stake in STUB in the second quarter worth $509,000. Rose Capital Advisors LLC bought a new position in shares of STUB during the 2nd quarter worth about $183,000. Comprehensive Financial Management LLC grew its stake in shares of STUB by 13.6% in the 2nd quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company's stock valued at $5,026,000 after buying an additional 46,808 shares during the period. Stephens Group LLC increased its position in STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company's stock valued at $13,158,000 after buying an additional 673,715 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in STUB by 396.1% during the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company's stock worth $3,574,000 after buying an additional 457,321 shares during the period.

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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