Insider Selling: STUB (NYSE:STUB) Insider Sells $601,587.60 in Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 84,970 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total transaction of $601,587.60. Following the sale, the insider directly owned 110,383 shares of the company’s stock, valued at approximately $781,511.64. The trade was a 43.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Scott Michael Fitzgerald also recently made the following trade(s):

• On Thursday, June 11th, Scott Michael Fitzgerald sold 867 shares of STUB stock. The stock was sold at an average price of $10.33, for a total value of $8,956.11.

STUB Price Performance

NYSE STUB traded down $0.13 during trading hours on Thursday, reaching $6.81. 6,029,818 shares of the company’s stock were exchanged, compared to its average volume of 6,578,466. The stock has a market cap of $2.56 billion and a PE ratio of -1.19. STUB has a one year low of $5.74 and a one year high of $27.89. The firm has a fifty day moving average of $10.09 and a 200-day moving average of $8.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STUB. Morgan Stanley increased their target price on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. UBS Group set a $7.50 price target on STUB in a report on Thursday, August 13th. Citigroup reiterated a “neutral” rating on shares of STUB in a research report on Wednesday, July 15th. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, HSBC upgraded shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, STUB presently has a consensus rating of “Hold” and an average target price of $10.73.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. WestCap Management LLC bought a new stake in shares of STUB during the fourth quarter worth approximately $429,370,000. Capital Research Global Investors bought a new position in shares of STUB during the fourth quarter worth approximately $106,887,000. Index Venture Associates III Ltd bought a new position in shares of STUB during the fourth quarter worth approximately $85,192,000. PointState Capital LP lifted its holdings in STUB by 19.9% during the 4th 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 during the last quarter. Finally, Capital International Investors acquired a new stake in STUB during the 4th quarter worth approximately $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.