Mark Streams Sells 28,531 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 28,531 shares of STUB stock in a transaction on Monday, July 6th. The shares were sold at an average price of $13.02, for a total value of $371,473.62. Following the completion of the transaction, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value 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 value 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 value of $3,900.00.
• On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The stock was sold at an average price of $9.04, for a total value of $2,102,405.68.

STUB Stock Performance

STUB stock opened at $13.58 on Wednesday. The stock’s 50 day moving average price is $10.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The stock has a market capitalization of $5.10 billion and a price-to-earnings ratio of -22.64.

STUB (NYSE:STUB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that STUB will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after buying an additional 457,321 shares during the last quarter. Pine Ridge Advisers LLC purchased a new position in shares of STUB during the first quarter worth approximately $4,117,000. Royal Bank of Canada grew its position 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 worth $39,000 after acquiring an additional 4,214 shares during the last quarter. Rokos Capital Management LLP increased its holdings in shares of STUB by 40.4% in the 1st 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 period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of STUB by 481.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company’s stock valued at $383,000 after acquiring an additional 50,784 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STUB. Sanford C. Bernstein raised STUB to an “outperform” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Citigroup assumed coverage on STUB in a research note on Tuesday, May 19th. They set a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.50.

STUB News Roundup

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders, including Nayaab Islam and Mark Streams, have sold shares in recent days, with the largest disclosed sale being 54,801 shares by Islam. Although the trades were made under pre-arranged 10b5-1 plans, the volume of selling may weigh on sentiment. STUB insider selling alert
• Negative Sentiment: StubHub is reportedly being probed in Texas over alleged “ghost ticketing” charges, creating a potential legal and reputational headwind for STUB. StubHub under investigation in Texas over ghost ticketing charges
• Neutral Sentiment: Recent quarterly results were solid, with earnings of $0.06 per share beating expectations and revenue rising 12.2% year over year, which provides some fundamental support even as sentiment is being driven by insider activity and the investigation. STUB quarterly results and stock information

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.