Scott Michael Fitzgerald Sells 28,387 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 28,387 shares of STUB stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total value of $217,444.42. Following the completion of the transaction, the insider owned 77,961 shares in the company, valued at $597,181.26. The trade was a 26.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

STUB Stock Down 4.8%

Shares of NYSE STUB opened at $7.52 on Friday. STUB has a 12 month low of $7.37 and a 12 month high of $27.89. The stock has a market capitalization of $2.76 billion and a P/E ratio of -11.39. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.03 and a current ratio of 1.04. The company’s fifty day moving average is $10.85.

STUB (NYSE:STUB) last released its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($1.55). The company had revenue of $449.17 million during the quarter. STUB’s revenue for the quarter was down 15.8% on a year-over-year basis.

Hedge Funds Weigh In On STUB

Large investors have recently made changes to their positions in the business. WestCap Management LLC purchased a new stake in shares of STUB in the fourth quarter worth approximately $429,370,000. Capital Research Global Investors purchased a new position in STUB during the fourth quarter valued at approximately $106,887,000. Index Venture Associates III Ltd purchased a new position in STUB during the fourth quarter valued at approximately $85,192,000. PointState Capital LP increased its stake in STUB by 19.9% in the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after buying an additional 4,117,332 shares during the period. Finally, Capital International Investors acquired a new position in STUB in the 4th quarter valued at approximately $55,235,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STUB. Weiss Ratings initiated coverage on shares of STUB in a research report on Wednesday, January 14th. They issued a “sell (d-)” rating on the stock. Oppenheimer reduced their price target on shares of STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research note on Tuesday, February 24th. Wall Street Zen upgraded shares of STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Citigroup raised shares of STUB from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, STUB currently has an average rating of “Hold” and a consensus price target of $11.40.

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.