Mark Streams Sells 3,002 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 3,002 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $13.00, for a total transaction of $39,026.00. Following the completion of the transaction, the insider directly owned 1,434,133 shares in the company, valued at approximately $18,643,729. The trade was a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Streams also recently made the following trade(s):

• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The shares were sold at an average price of $13.02, for a total transaction of $371,473.62.
• 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 transaction of $3,900.00.
• On Thursday, May 14th, Mark Streams sold 232,567 shares of STUB stock. The shares were sold at an average price of $9.04, for a total transaction of $2,102,405.68.

STUB Price Performance

NYSE:STUB opened at $13.58 on Wednesday. STUB has a one year low of $5.74 and a one year high of $27.89. The business has a fifty day moving average of $10.11. The stock has a market cap of $5.10 billion and a price-to-earnings ratio of -22.64. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.

STUB (NYSE:STUB) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that STUB will post 0.56 earnings per share for the current fiscal year.

STUB News Summary

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders, including Nayaab Islam and Mark Streams, have sold shares in recent days, with the largest disclosed sale being 54,801 shares by Islam. Although the trades were made under pre-arranged 10b5-1 plans, the volume of selling may weigh on sentiment. STUB insider selling alert
• Negative Sentiment: StubHub is reportedly being probed in Texas over alleged “ghost ticketing” charges, creating a potential legal and reputational headwind for STUB. StubHub under investigation in Texas over ghost ticketing charges
• Neutral Sentiment: Recent quarterly results were solid, with earnings of $0.06 per share beating expectations and revenue rising 12.2% year over year, which provides some fundamental support even as sentiment is being driven by insider activity and the investigation. STUB quarterly results and stock information

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. UBS Group initiated coverage on shares of STUB in a report on Tuesday, May 19th. They set a “neutral” rating on the stock. Citigroup assumed coverage on shares of STUB in a research note on Tuesday, May 19th. They issued a “buy” rating for the company. HSBC raised shares of STUB to a “buy” rating in a research note on Tuesday, May 19th. Finally, Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new stake in STUB during the 1st quarter valued at approximately $34,000. Royal Bank of Canada boosted its position in shares of 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 acquiring an additional 4,214 shares during the last quarter. Lido Advisors LLC bought a new position in shares of STUB during the first quarter worth $69,000. Garner Asset Management Corp purchased a new position in STUB during the fourth quarter valued at $92,000. Finally, The Manufacturers Life Insurance Company purchased a new position in STUB during the fourth quarter valued at $143,000.

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.