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

STUB (NYSE:STUB) insider Mark Streams sold 29,951 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $6.23, for a total value of $186,594.73. Following the completion of the sale, the insider directly owned 1,361,565 shares of the company’s stock, valued at approximately $8,482,549.95. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction 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 shares were 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 transaction 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 transaction 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 transaction 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 transaction of $236,716.01.
• On Monday, June 29th, Mark Streams sold 300 shares of STUB stock. The stock was sold at an average price of $13.00, for a total value of $3,900.00.

STUB Stock Performance

STUB stock opened at $6.61 on Friday. The business’s 50-day moving average price is $8.98 and its two-hundred day moving average price is $8.69. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2.53 billion and a PE ratio of -1.15. STUB has a 1-year low of $5.74 and a 1-year high of $27.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of STUB in a research report on Wednesday, July 15th. Morgan Stanley lifted their price target on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. TD Cowen lowered their price objective on shares of STUB from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, August 21st. BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Finally, Oppenheimer dropped their price objective on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Five 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.83.

More STUB News

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Analysts maintain a consensus “Hold” rating with an average price target of $10.83, well above recent trading levels. Five analysts rate the stock a Buy, although seven recommend Hold and two recommend Sell. STUB analyst and market data
• Positive Sentiment: Several institutional investors increased their positions, including Stephens Group, which boosted its stake by 193.2%, and Bank of America, which increased its holdings by 396.1%. New positions were also reported by Pine Ridge Advisers and other investors. STUB institutional and insider trading report
• Neutral Sentiment: A FormPros announcement about instant pay-stub generation does not appear to concern StubHub Holdings or provide a direct operational update for STUB investors. FormPros pay-stub generation announcement
• Negative Sentiment: Insiders sold a combined 300,503 STUB shares in transactions dated September 2–4, generating approximately $1.95 million in proceeds. Nayaab Islam sold 134,963 shares, while Mark Streams sold 165,540 shares. Although both insiders retain significant holdings, repeated sales can weigh on sentiment and suggest limited near-term insider conviction. STUB insider sales report

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STUB. Royal Bank of Canada increased its stake in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after buying an additional 4,214 shares during the last quarter. Ardmore Road Asset Management LP lifted its position in STUB by 25.0% during the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after buying an additional 5,000 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of STUB during the 1st quarter worth about $34,000. Cornerstone Wealth Management LLC boosted its stake in shares of STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after buying an additional 6,070 shares during the last quarter. Finally, Garner Asset Management Corp acquired a new position in shares of STUB during the 4th quarter worth about $92,000.

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.