Stock Traders Buy Large Volume of STUB Call Options (NYSE:STUB)

STUB (NYSE:STUB) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 15,991 call options on the stock. This is an increase of approximately 53% compared to the typical daily volume of 10,440 call options.

Insider Buying and Selling at STUB

In other STUB news, insider Nayaab Islam sold 24,554 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.69, for a total transaction of $164,266.26. Following the completion of the transaction, the insider owned 8,011,292 shares of the company’s stock, valued at $53,595,543.48. This represents a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the insider directly owned 110,383 shares of the company’s stock, valued at $781,511.64. This represents a 43.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,156,499 shares of company stock valued at $8,889,763 in the last 90 days. 30.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. bought a new stake in STUB in the 1st quarter valued at $34,000. Royal Bank of Canada increased its holdings in shares of STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of STUB in the fourth quarter valued at about $143,000. International Assets Investment Management LLC bought a new position in shares of STUB in the fourth quarter valued at about $149,000. Finally, Lido Advisors LLC acquired a new stake in shares of STUB during the 1st quarter worth about $69,000.

STUB Stock Performance

NYSE STUB traded down $0.47 during trading on Tuesday, reaching $6.13. 1,951,925 shares of the company’s stock were exchanged, compared to its average volume of 5,449,277. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.67. The stock has a market capitalization of $2.34 billion and a P/E ratio of -1.07. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STUB shares. Guggenheim cut their price target 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. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.83.

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.