STUB Target of Unusually High Options Trading (NYSE:STUB)

STUB (NYSE:STUB) was the recipient of unusually large options trading on Tuesday. Traders bought 54,469 call options on the company. This is an increase of 576% compared to the typical volume of 8,062 call options.

STUB Stock Performance

STUB stock traded up $0.39 during mid-day trading on Tuesday, hitting $11.79. 3,127,370 shares of the company traded hands, compared to its average volume of 4,699,686. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96. STUB has a one year low of $5.74 and a one year high of $27.89. The firm has a market capitalization of $4.42 billion and a PE ratio of -19.64. The business’s fifty day moving average price is $8.86.

STUB (NYSE:STUB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts predict that STUB will post 0.56 EPS for the current year.

Analyst Ratings Changes

STUB has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup started coverage on shares of STUB in a report on Tuesday, May 19th. They issued a “buy” rating for the company. BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. HSBC raised shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Finally, Guggenheim reissued a “buy” rating on shares of STUB in a research note on Friday, June 12th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.50.

Insiders Place Their Bets

In other STUB news, insider Nayaab Islam sold 16,720 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the completion of the transaction, the insider owned 8,563,444 shares in the company, valued at $97,366,358.28. This trade represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Streams sold 232,567 shares of STUB stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $9.04, for a total value of $2,102,405.68. Following the transaction, the insider directly owned 1,114,001 shares of the company’s stock, valued at $10,070,569.04. The trade was a 17.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 253,386 shares of company stock valued at $2,324,202 over the last ninety days. Corporate insiders own 30.97% of the company’s stock.

Institutional Trading of STUB

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in STUB by 194.4% in the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after buying an additional 4,214 shares in the last quarter. Ardmore Road Asset Management LP lifted its holdings in shares of STUB by 25.0% in the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after acquiring an additional 5,000 shares during the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of STUB in the 1st quarter valued at $34,000. Cornerstone Wealth Management LLC boosted its stake in shares of STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after purchasing an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp bought a new position in shares of STUB during the 4th quarter valued at $92,000.

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.