STUB (NYSE:STUB) Insider Scott Michael Fitzgerald Sells 1,613 Shares

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 1,613 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $7.57, for a total value of $12,210.41. Following the completion of the sale, the insider owned 93,445 shares in the company, valued at approximately $707,378.65. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 13th, Scott Michael Fitzgerald sold 1,619 shares of STUB stock. The stock was sold at an average price of $6.50, for a total value of $10,523.50.
• On Wednesday, March 11th, Scott Michael Fitzgerald sold 28,387 shares of STUB stock. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42.

STUB Stock Up 2.7%

Shares of NYSE STUB traded up $0.20 during mid-day trading on Wednesday, reaching $7.52. 9,941,952 shares of the company were exchanged, compared to its average volume of 4,058,422. The business has a 50-day simple moving average of $7.20. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.27. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a market capitalization of $2.68 billion and a PE ratio of -11.39.

STUB (NYSE:STUB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. On average, equities analysts forecast that STUB will post 0.34 earnings per share for the current year.

Institutional Trading of STUB

A number of institutional investors and hedge funds have recently modified their holdings of the stock. WestCap Management LLC purchased a new position in shares of STUB in the fourth quarter valued at approximately $429,370,000. PointState Capital LP grew its holdings in shares of STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock worth $335,860,000 after buying an additional 4,117,332 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of STUB during the fourth quarter worth $106,887,000. Index Venture Associates III Ltd purchased a new stake in shares of STUB during the fourth quarter worth $85,192,000. Finally, Capital International Investors purchased a new stake in shares of STUB during the fourth quarter worth $55,235,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STUB shares. Oppenheimer dropped their price target on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Wedbush reissued a “neutral” rating and set a $10.00 price target (down from $18.00) on shares of STUB in a research report on Thursday, March 5th. Citigroup raised shares of STUB from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings started coverage on shares of STUB in a research report on Wednesday, January 14th. They set a “sell (d-)” rating for the company. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.39.

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.