STUB (NYSE:STUB) Trading Down 7% – Time to Sell?

STUB (NYSE:STUB)’s stock price traded down 7% on Tuesday . The company traded as low as $6.14 and last traded at $6.1410. Approximately 1,826,807 shares were traded during trading, a decline of 66% from the average daily volume of 5,449,277 shares. The stock had previously closed at $6.60.

Analyst Upgrades and Downgrades

STUB has been the subject of several research reports. Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. HSBC upgraded shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, UBS Group set a $7.50 target price on shares of STUB in a report on Thursday, August 13th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.83.

STUB Price Performance

The firm has a market cap of $2.36 billion and a P/E ratio of -1.07. The company has a fifty day moving average of $8.85 and a 200-day moving average of $8.67. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04.

Insider Activity

In related news, CFO Constance P. James sold 116,644 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total transaction of $823,506.64. Following the transaction, the chief financial officer directly owned 349,934 shares of the company’s stock, valued at $2,470,534.04. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Streams sold 150,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $6.76, for a total transaction of $1,014,000.00. Following the transaction, the insider directly owned 1,404,222 shares in the company, valued at $9,492,540.72. The trade was a 9.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,156,499 shares of company stock valued at $8,889,763 over the last quarter. 30.97% of the stock is owned by insiders.

Institutional Investors Weigh In On STUB

Several institutional investors and hedge funds have recently added to or reduced their stakes in STUB. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the 1st quarter worth approximately $34,000. Royal Bank of Canada increased 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 valued at $39,000 after acquiring an additional 4,214 shares during the last quarter. Lido Advisors LLC bought a new stake in STUB during the first quarter worth $69,000. The Manufacturers Life Insurance Company bought a new stake in STUB during the fourth quarter worth $143,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of STUB during the 4th quarter valued at $149,000.

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.