STUB (NYSE:STUB) Insider Sells $217,444.42 in Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 28,387 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $7.66, for a total transaction of $217,444.42. Following the completion of the sale, the insider directly owned 77,961 shares in the company, valued at approximately $597,181.26. This represents a 26.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

STUB Trading Down 4.8%

Shares of STUB opened at $7.52 on Friday. The firm has a market capitalization of $2.76 billion and a PE ratio of -11.39. STUB has a 12 month low of $7.37 and a 12 month high of $27.89. The stock’s fifty day simple moving average is $10.85. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.03.

STUB (NYSE:STUB) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($1.55). The business had revenue of $449.17 million for the quarter. STUB’s revenue for the quarter was down 15.8% on a year-over-year basis.

Institutional Trading of STUB

A number of hedge funds have recently made changes to their positions in STUB. Index Venture Associates III Ltd acquired a new position in shares of STUB during the 4th quarter worth approximately $85,192,000. Norges Bank acquired a new stake in STUB during the 4th quarter valued at $23,678,000. Capital Research Global Investors acquired a new stake in STUB during the 4th quarter valued at $106,887,000. Capital International Investors bought a new position in STUB during the fourth quarter worth $55,235,000. Finally, Intellectus Partners LLC bought a new position in STUB during the fourth quarter worth $467,000.

Analysts Set New Price Targets

STUB has been the topic of several analyst reports. Guggenheim reiterated a “buy” rating on shares of STUB in a report on Tuesday, February 24th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price target (down from $22.00) on shares of STUB in a research note on Thursday, March 5th. Wall Street Zen raised STUB from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Oppenheimer dropped their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Finally, Citigroup raised STUB from a “sell” rating to a “neutral” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.40.

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.