Investors Purchase Large Volume of STUB Call Options (NYSE:STUB)

STUB (NYSE:STUB) saw unusually large options trading activity on Tuesday. Traders bought 54,469 call options on the stock. This is an increase of 576% compared to the average daily volume of 8,062 call options.

Insider Transactions at STUB

In related news, insider Mark Streams sold 232,567 shares of the firm’s 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 owned 1,114,001 shares of the company’s stock, valued at approximately $10,070,569.04. This trade represents a 17.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nayaab Islam sold 16,720 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the sale, the insider directly owned 8,563,444 shares of the company’s stock, valued at $97,366,358.28. This represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 253,386 shares of company stock worth $2,324,202 in the last 90 days. 30.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pittenger & Anderson Inc. bought a new stake in STUB in the 1st quarter valued at about $34,000. Royal Bank of Canada boosted its position in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares during the period. Garner Asset Management Corp purchased a new position in shares of STUB in the fourth quarter worth about $92,000. The Manufacturers Life Insurance Company bought a new stake in shares of STUB in the fourth quarter valued at approximately $143,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of STUB during the 4th quarter valued at approximately $149,000.

Analyst Ratings Changes

STUB has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. Guggenheim reissued a “buy” rating on shares of STUB in a research report on Friday, June 12th. Morgan Stanley upped their target price on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Wedbush reaffirmed 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. Finally, Citigroup started coverage on STUB in a report on Tuesday, May 19th. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

STUB Stock Up 3.4%

NYSE STUB traded up $0.39 during trading hours on Tuesday, reaching $11.79. 3,127,370 shares of the company were exchanged, compared to its average volume of 4,699,686. The company has a market cap of $4.42 billion and a PE ratio of -19.64. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The firm has a 50 day simple moving average of $8.86.

STUB (NYSE:STUB) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current year.

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.