Mark Streams Sells 29,951 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 29,951 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $6.23, for a total transaction of $186,594.73. Following the transaction, the insider directly owned 1,361,565 shares of the company’s stock, valued at $8,482,549.95. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mark Streams also recently made the following trade(s):

• On Thursday, September 3rd, Mark Streams sold 135,589 shares of STUB stock. The shares were sold at an average price of $6.39, for a total value of $866,413.71.
• On Wednesday, August 26th, Mark Streams sold 2,530 shares of STUB stock. The stock was sold at an average price of $6.88, for a total transaction of $17,406.40.
• 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 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 value of $1,014,000.00.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The shares were sold at an average price of $6.93, for a total value of $45,045.00.
• 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 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 Price Performance

Shares of STUB stock opened at $6.61 on Friday. The company has a market capitalization of $2.53 billion and a price-to-earnings ratio of -1.15. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $8.98 and its 200-day simple moving average is $8.69. STUB has a 52 week low of $5.74 and a 52 week high of $27.89.

Key Stories Impacting STUB

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Analysts maintain a consensus “Hold” rating and an average price target of $10.83, considerably above recent levels. Five analysts rate STUB a Buy, while seven recommend Hold and two recommend Sell. TD Cowen maintains a Buy rating despite reducing its target to $12, and Evercore has set a $14 target. STUB analyst ratings and price targets
• Neutral Sentiment: Several institutional investors recently increased their holdings, including Royal Bank of Canada, Ardmore Road Asset Management and Cornerstone Wealth Management. However, the reported position changes are relatively small and do not necessarily indicate a broad-based institutional buying trend. STUB institutional trading report
• Neutral Sentiment: A FormPros announcement regarding instant pay-stub generation does not appear related to StubHub Holdings’ online ticket marketplace and is unlikely to affect STUB’s valuation or operations. FormPros announcement
• Negative Sentiment: Insiders sold a combined 300,503 STUB shares in transactions dated September 2–4 for approximately $1.95 million. Nayaab Islam sold 134,963 shares but still owns more than 8 million shares, while Mark Streams sold 165,540 shares, reducing his position by nearly 10%. Continued insider selling may weigh on investor sentiment and suggests limited near-term insider conviction. STUB insider sales report

Hedge Funds Weigh In On STUB

A number of hedge funds and other institutional investors have recently modified their holdings of STUB. California State Teachers Retirement System bought a new stake in shares of STUB in the 2nd quarter valued at about $509,000. Rose Capital Advisors LLC purchased a new stake in shares of STUB during the 2nd quarter valued at $183,000. Comprehensive Financial Management LLC boosted its position in shares of STUB by 13.6% in the 2nd quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company’s stock worth $5,026,000 after purchasing an additional 46,808 shares in the last quarter. Stephens Group LLC grew its stake in STUB by 193.2% during the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after buying an additional 673,715 shares during the last quarter. Finally, Bank of America Corp DE increased its position in STUB by 396.1% during the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after buying an additional 457,321 shares in the last quarter.

Wall Street Analyst Weigh In

STUB has been the subject of several recent analyst reports. Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. TD Cowen reduced their price objective on shares of STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Citigroup reissued a “neutral” rating on shares of STUB in a report on Wednesday, July 15th. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research report on Tuesday, May 19th. Finally, UBS Group set a $7.50 target price on shares of STUB in a research note on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.83.

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.