STUB (NYSE:STUB) Insider Sells 84,970 Shares of Stock

STUB (NYSE:STUB) insider Scott Michael Fitzgerald sold 84,970 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $7.08, for a total value of $601,587.60. Following the completion of the sale, the insider directly owned 110,383 shares in the company, valued at $781,511.64. This represents a 43.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, June 11th, Scott Michael Fitzgerald sold 867 shares of STUB stock. The shares were sold at an average price of $10.33, for a total value of $8,956.11.

STUB Price Performance

STUB stock traded down $0.13 during midday trading on Thursday, hitting $6.81. The company’s stock had a trading volume of 6,029,818 shares, compared to its average volume of 6,578,466. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average price is $10.09 and its 200-day moving average price is $8.97. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The company has a market capitalization of $2.56 billion and a PE ratio of -1.19.

Analysts Set New Price Targets

STUB has been the subject of a number of research reports. Evercore set a $14.00 target price on shares of STUB in a report on Thursday, August 13th. HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. UBS Group set a $7.50 price objective on STUB in a research report on Thursday, August 13th. Craig Hallum downgraded shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Citigroup reaffirmed a “neutral” rating on shares of STUB in a research report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.73.

Institutional Investors Weigh In On STUB

Large investors have recently modified their holdings of the stock. Stephens Group LLC grew its position in STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock valued at $13,158,000 after acquiring an additional 673,715 shares during the period. Morling Financial Advisors LLC acquired a new stake in shares of STUB in the 1st quarter valued at $868,000. CWM LLC boosted its stake in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after purchasing an additional 276,394 shares in the last quarter. Pine Ridge Advisers LLC bought a new stake in shares of STUB in the 1st quarter worth about $4,117,000. Finally, Galaxy Digital Inc. bought a new stake in shares of STUB in the 1st quarter worth about $2,070,000.

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.