Key Points
- Insider sale: Mark Streams sold 150,000 STUB shares at an average price of $6.76, generating $1.014 million. He retained 1,404,222 shares, a 9.65% reduction in his ownership.
- Stock performance: STUB opened at $6.83, with a market capitalization of $2.61 billion. The stock remains well below its 52-week high of $27.89 and has 50-day and 200-day moving averages of $9.81 and $8.86, respectively.
- Analyst outlook: Analysts have a consensus “Hold” rating and an average price target of $10.83, with five Buy, seven Hold, and two Sell ratings.
STUB (NYSE:STUB - Get Free Report) insider Mark Streams sold 6,500 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $6.93, for a total transaction of $45,045.00. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Mark Streams also recently made the following trade(s):
- On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The shares were sold at an average price of $6.84, for a total transaction 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 transaction of $1,014,000.00.
- On Tuesday, July 7th, Mark Streams sold 400 shares of STUB stock. The stock was sold at an average price of $14.01, for a total transaction of $5,604.00.
- On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The stock was sold at an average price of $13.02, for a total transaction 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 transaction 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 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 value of $3,900.00.
STUB Stock Performance
Shares of STUB stock opened at $6.83 on Wednesday. The stock's 50-day moving average is $9.81 and its two-hundred day moving average is $8.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a market cap of $2.61 billion and a price-to-earnings ratio of -1.19.
Wall Street Analysts Forecast Growth
Several research firms have commented on STUB. Evercore set a $14.00 price target on STUB in a research report on Thursday, August 13th. Bank of America reissued an "underperform" rating and issued a $7.50 price objective (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Guggenheim lowered their target price on shares of STUB from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Wall Street Zen cut shares of STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Mizuho set a $11.00 price target on shares of STUB in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.83.
Check Out Our Latest Research Report on STUB
Hedge Funds Weigh In On STUB
Several institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. purchased a new stake in STUB during the 1st quarter valued at approximately $34,000. Royal Bank of Canada lifted its position in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after acquiring an additional 4,214 shares during the period. Garner Asset Management Corp purchased a new position in shares of STUB in the 4th quarter valued at approximately $92,000. The Manufacturers Life Insurance Company purchased a new position in shares of STUB in the 4th quarter valued at approximately $143,000. Finally, International Assets Investment Management LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $149,000.
About STUB
(
Get Free Report)
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.
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