STUB (NYSE:STUB) Trading Down 9.5% - Time to Sell?

Key Points

• STUB shares fell 9.5% to about $7.31, with trading volume roughly 79% below the average session volume. The stock is down substantially from its 50-day moving average of $10.35.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $10.73; four analysts recommend Buy, seven Hold, and two Sell.
• Insiders sold 179,467 shares worth approximately $2.29 million over the past 90 days, while institutional investors including WestCap Management and PointState Capital made sizable purchases. Insiders still own about 30.97% of the company.

Shares of STUB (NYSE:STUB - Get Free Report) dropped 9.5% on Monday . The company traded as low as $7.38 and last traded at $7.3120. Approximately 1,114,913 shares traded hands during trading, a decline of 79% from the average session volume of 5,352,668 shares. The stock had previously closed at $8.08.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of STUB from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 7th. HSBC upgraded shares of STUB to a "buy" rating in a research note on Tuesday, May 19th. Craig Hallum lowered STUB from a "hold" rating to a "hold" rating in a report on Tuesday, May 19th. Mizuho set a $11.00 price objective on STUB in a research note on Friday. Finally, Sanford C. Bernstein raised STUB to an "outperform" rating in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.73.

STUB Trading Down 10.6%

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 firm's 50 day moving average is $10.35 and its two-hundred day moving average is $9.18. The stock has a market cap of $2.71 billion and a price-to-earnings ratio of -1.26.

Insider Buying and Selling

In other STUB news, insider Nayaab Islam sold 54,801 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.03, for a total value of $714,057.03. Following the sale, the insider directly owned 8,454,764 shares of the company's stock, valued at $110,165,574.92. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 28,531 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.02, for a total transaction of $371,473.62. Following the transaction, the insider directly owned 1,561,122 shares of the company's stock, valued at approximately $20,325,808.44. This trade represents a 1.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 179,467 shares of company stock valued at $2,286,430 in the last 90 days. Insiders own 30.97% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of STUB. WestCap Management LLC bought a new stake in STUB during the 4th quarter valued at $429,370,000. Capital Research Global Investors acquired a new position in shares of STUB during the fourth quarter valued at $106,887,000. Index Venture Associates III Ltd acquired a new position in shares of STUB during the fourth quarter valued at $85,192,000. PointState Capital LP raised its stake in shares of STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company's stock valued at $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors bought a new stake in shares of STUB during the fourth quarter valued at about $55,235,000.

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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