Morling Financial Advisors LLC Invests $868,000 in STUB $STUB

Morling Financial Advisors LLC purchased a new stake in STUB (NYSE:STUB) in the first quarter, Holdings Channel reports. The firm purchased 139,135 shares of the company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STUB. Pittenger & Anderson Inc. purchased a new position in STUB during the first quarter worth approximately $34,000. Garner Asset Management Corp acquired a new position in STUB during the fourth quarter worth $92,000. The Manufacturers Life Insurance Company purchased a new stake in STUB in the 4th quarter valued at $143,000. International Assets Investment Management LLC purchased a new stake in STUB in the 4th quarter valued at $149,000. Finally, Cerity Partners LLC acquired a new stake in shares of STUB in the 4th quarter worth $150,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STUB shares. HSBC upgraded STUB to a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley upped their price objective on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Citigroup reaffirmed a “neutral” rating on shares of STUB in a research note on Wednesday. Finally, Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.50.

Insider Transactions at STUB

In related news, insider Mark Streams sold 28,531 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62. Following the completion of the sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nayaab Islam sold 2,800 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total transaction of $39,228.00. Following the completion of the sale, the insider owned 8,451,964 shares in the company, valued at approximately $118,412,015.64. This trade represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 413,647 shares of company stock valued at $4,401,046 over the last three months. Corporate insiders own 30.97% of the company’s stock.

STUB Stock Performance

Shares of STUB stock opened at $9.23 on Friday. The stock has a 50 day simple moving average of $10.60. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.46 billion and a price-to-earnings ratio of -15.38. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

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

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.