Insider Selling: STUB (NYSE:STUB) Insider Sells $69,603.84 in Stock

STUB (NYSE:STUB) insider Mark Streams sold 10,176 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $6.84, for a total value of $69,603.84. Following the completion of the transaction, the insider directly owned 1,394,046 shares of the company’s stock, valued at $9,535,274.64. This represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The stock was sold at an average price of $6.76, for a total value of $1,014,000.00.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The stock was sold at an average price of $6.93, for a total value 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 value of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The shares were sold at an average price of $13.02, for a total value of $371,473.62.
• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The shares were 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 stock was 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 stock was sold at an average price of $13.00, for a total transaction of $3,900.00.

STUB Stock Down 0.4%

Shares of NYSE:STUB opened at $6.55 on Friday. The firm has a market cap of $2.50 billion and a PE ratio of -1.14. The company has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $8.82. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a 12-month low of $5.74 and a 12-month high of $27.89.

Hedge Funds Weigh In On STUB

Hedge funds have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. acquired a new stake in shares of STUB during the first quarter worth $34,000. Royal Bank of Canada boosted its holdings in shares of STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after buying an additional 4,214 shares during the period. Garner Asset Management Corp acquired a new position in shares of STUB in the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company acquired a new position in shares of STUB in the 4th quarter valued at about $143,000. Finally, International Assets Investment Management LLC bought a new stake in shares of STUB during the 4th quarter valued at about $149,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STUB shares. UBS Group set a $7.50 target price on shares of STUB in a research report on Thursday, August 13th. Mizuho set a $11.00 price target on STUB in a research note on Friday, August 14th. Weiss Ratings upgraded STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Morgan Stanley boosted their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Finally, BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.