STUB (NYSE:STUB) CFO Sells 116,644 Shares of Stock

Key Points

• STUB CFO Constance James sold 116,644 shares for approximately $823,507 at an average price of $7.06, reducing her direct ownership by 25% to 349,934 shares.
• STUB shares fell 1.9% to $6.81, trading below their 50-day and 200-day moving averages; the stock has ranged from $5.74 to $27.89 over the past year.
• Analysts maintain a consensus “Hold” rating with an average price target of $10.73, while several institutional investors recently increased their positions.

STUB (NYSE:STUB - Get Free Report) CFO Constance James sold 116,644 shares of STUB stock in a transaction dated 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 in the company, valued at approximately $2,470,534.04. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

STUB Trading Down 1.9%

STUB traded down $0.13 on Thursday, hitting $6.81. 6,029,818 shares of the stock traded hands, compared to its average volume of 6,578,466. The business has a fifty day moving average price of $10.09 and a two-hundred day moving average price of $8.97. 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 52 week low of $5.74 and a 52 week high of $27.89.

Wall Street Analyst Weigh In

Several brokerages recently commented on STUB. Citigroup reaffirmed a "neutral" rating on shares of STUB in a research report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of STUB from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Craig Hallum downgraded shares of STUB from a "hold" rating to a "hold" rating in a report on Tuesday, May 19th. Morgan Stanley lifted their target price on shares of STUB from $8.75 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 10th. Finally, Mizuho set a $11.00 target price on shares of STUB in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.73.

Institutional Trading of STUB

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stephens Group LLC raised 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 worth $13,158,000 after purchasing an additional 673,715 shares during the last quarter. Bank of America Corp DE raised its position in shares of STUB by 396.1% during 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 during the last quarter. Pine Ridge Advisers LLC bought a new stake in shares of STUB during the first quarter worth $4,117,000. Royal Bank of Canada lifted its stake in shares of STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock valued at $39,000 after acquiring an additional 4,214 shares during the period. Finally, Rokos Capital Management LLP boosted its holdings in STUB by 40.4% in the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company's stock valued at $13,375,000 after acquiring an additional 616,892 shares during 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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