Mark Streams Sells 150,000 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 150,000 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $6.76, for a total value of $1,014,000.00. Following the completion of the transaction, the insider owned 1,404,222 shares of the company’s stock, valued at $9,492,540.72. This trade represents a 9.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mark Streams also recently made the following trade(s):

• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The stock was sold at an average price of $6.84, for a total value of $69,603.84.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The shares were sold at an average price of $6.93, for a total transaction of $45,045.00.
• On Tuesday, July 7th, Mark Streams sold 400 shares of STUB stock. The shares were sold at an average price of $14.01, for a total transaction of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62.
• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The stock was sold at an average price of $13.00, for a total transaction of $39,026.00.
• On Tuesday, June 30th, Mark Streams sold 18,167 shares of STUB stock. The shares were sold at an average price of $13.03, for a total transaction of $236,716.01.
• On Monday, June 29th, Mark Streams sold 300 shares of STUB stock. The shares were sold at an average price of $13.00, for a total transaction of $3,900.00.

STUB Stock Down 3.7%

Shares of NYSE:STUB opened at $6.56 on Thursday. The firm has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $8.84. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $2.51 billion and a PE ratio of -1.14.

Hedge Funds Weigh In On STUB

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pittenger & Anderson Inc. purchased a new stake in shares of STUB during the first quarter worth $34,000. Royal Bank of Canada grew its stake in STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new position in STUB in the 1st quarter worth about $69,000. Garner Asset Management Corp acquired a new position in STUB in the 4th quarter worth about $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of STUB during the 4th quarter worth about $143,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on STUB. JPMorgan Chase & Co. increased their target price on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Morgan Stanley increased their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. UBS Group set a $7.50 price objective on STUB in a research report on Thursday, August 13th. Finally, Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.83.

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.