STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 1,619 Shares

Key Points

• Insider sale: Scott Michael Fitzgerald sold 1,619 shares of STUB on April 13 at an average price of $6.50 (≈$10,523), trimming his stake by 1.65% to 96,741 shares; he had also sold 28,387 shares on March 11 at $7.66.
• Earnings miss and weak revenue: STUB reported a ($1.56) EPS vs. a ($0.01) consensus and revenue of $449.17 million, down 15.8% year‑over‑year; the stock trades near $7.14 with a $2.55 billion market cap and a negative P/E of -10.81.
• Analyst stance: The consensus rating is a Hold with an average price target of $10.75 after several firms cut targets (e.g., JPMorgan to $10, Guggenheim to $7.50, Oppenheimer to $12), reflecting mixed sentiment.

STUB (NYSE:STUB - Get Free Report) insider Scott Michael Fitzgerald sold 1,619 shares of STUB stock in a transaction on Monday, April 13th. The stock was sold at an average price of $6.50, for a total value of $10,523.50. Following the sale, the insider owned 96,741 shares in the company, valued at $628,816.50. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Scott Michael Fitzgerald also recently made the following trade(s):

• On Wednesday, March 11th, Scott Michael Fitzgerald sold 28,387 shares of STUB stock. The stock was sold at an average price of $7.66, for a total value of $217,444.42.

STUB Price Performance

Shares of NYSE STUB traded up $0.24 during mid-day trading on Wednesday, reaching $7.14. 5,019,129 shares of the company's stock were exchanged, compared to its average volume of 4,194,571. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of -10.81. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average price of $8.06.

STUB (NYSE:STUB - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($1.55). The firm had revenue of $449.17 million during the quarter. The business's quarterly revenue was down 15.8% on a year-over-year basis.

Institutional Investors Weigh In On STUB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in STUB in the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company bought a new position in STUB in the 4th quarter worth about $143,000. International Assets Investment Management LLC bought a new position in STUB in the 4th quarter worth about $149,000. Cerity Partners LLC bought a new stake in shares of STUB during the fourth quarter valued at about $150,000. Finally, Engineers Gate Manager LP bought a new stake in shares of STUB during the fourth quarter valued at about $161,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded STUB from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Guggenheim lowered their target price on STUB from $9.00 to $7.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings began coverage on STUB in a research note on Wednesday, January 14th. They set a "sell (d-)" rating on the stock. Oppenheimer lowered their price objective on STUB from $20.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $10.00 price objective (down from $22.00) on shares of STUB in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.75.

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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