STUB (NYSE:STUB) Insider Mark Streams Sells 6,500 Shares of Stock

STUB (NYSE:STUB) insider Mark Streams sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $6.93, for a total value of $45,045.00. Following the completion of the sale, the insider directly owned 1,554,222 shares in the company, valued at approximately $10,770,758.46. The trade was a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The shares were sold at an average price of $6.76, for a total value of $1,014,000.00.
• 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 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.

STUB Stock Up 2.3%

Shares of NYSE:STUB opened at $6.83 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $2.61 billion and a PE ratio of -1.19. The firm’s 50-day moving average is $9.81 and its two-hundred day moving average is $8.86. STUB has a 1 year low of $5.74 and a 1 year high of $27.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer cut their target price on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. HSBC upgraded shares of STUB to a “buy” rating in a research note on Tuesday, May 19th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Mizuho set a $11.00 target price on STUB in a report on Friday, August 14th. Finally, Citigroup reissued a “neutral” rating on shares of STUB in a research note on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. WestCap Management LLC purchased a new stake in shares of STUB in the 4th quarter valued at approximately $429,370,000. PointState Capital LP grew its stake in shares of STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after purchasing an additional 4,117,332 shares in the last quarter. Capital Research Global Investors purchased a new position in STUB in the fourth quarter valued at $106,887,000. Index Venture Associates III Ltd purchased a new stake in STUB during the 4th quarter worth about $85,192,000. Finally, Capital International Investors purchased a new stake in STUB during the 4th quarter worth about $55,235,000.

About STUB

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.