STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 28,387 Shares

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 28,387 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the transaction, the insider owned 77,961 shares in the company, valued at $597,181.26. The trade was a 26.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

STUB Trading Down 3.9%

Shares of STUB stock traded down $0.31 during trading on Friday, reaching $7.58. The company’s stock had a trading volume of 1,232,006 shares, compared to its average volume of 4,187,745. STUB has a 52 week low of $7.37 and a 52 week high of $27.89. The stock has a market cap of $2.79 billion and a PE ratio of -11.48. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on STUB shares. Citigroup raised shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a report on Tuesday, February 24th. Wedbush reiterated a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. Finally, Oppenheimer reduced 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. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.40.

Institutional Trading of STUB

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WestCap Management LLC bought a new position in STUB in the 4th quarter valued at approximately $429,370,000. PointState Capital LP increased its position in STUB by 19.9% in the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after acquiring an additional 4,117,332 shares during the period. Capital Research Global Investors acquired a new position in STUB in the 4th quarter valued at approximately $106,887,000. Index Venture Associates III Ltd bought a new position in shares of STUB during the fourth quarter valued at $85,192,000. Finally, Capital International Investors bought a new position in shares of STUB during the fourth quarter valued at $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.