Mark Streams Sells 2,530 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Mark Streams sold 2,530 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $6.88, for a total value of $17,406.40. Following the transaction, the insider owned 1,391,516 shares of the company’s stock, valued at $9,573,630.08. This represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The stock was sold at an average price of $6.84, for a total value of $69,603.84.
• On Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The shares were sold at an average price of $6.76, for a total value of $1,014,000.00.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The shares were sold at an average price of $6.93, for a total transaction of $45,045.00.
• On Tuesday, July 7th, Mark Streams sold 400 shares of STUB stock. The shares were sold at an average price of $14.01, for a total transaction of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The stock was sold at an average price of $13.02, for a total transaction of $371,473.62.
• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The shares were sold at an average price of $13.00, for a total transaction of $39,026.00.
• 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 shares were sold at an average price of $13.00, for a total transaction of $3,900.00.

STUB Stock Performance

Shares of NYSE:STUB opened at $6.57 on Friday. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The stock has a market capitalization of $2.51 billion and a P/E ratio of -1.14. The firm has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $8.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86.

STUB News Roundup

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Executive Vice Chairman and Chief Legal Officer Mark Streams sold 2,530 shares for approximately $17,406 at an average price of $6.88. The sale reduced his ownership by 0.18%. Top StubHub Executive Quietly Cashes Out in Notable Stock Sale
• Negative Sentiment: Insider Nayaab Islam sold 85,973 shares for roughly $589,775 at $6.86 per share. Combined with a 219,736-share sale on August 25, Islam has sold 305,709 shares worth about $2.08 million in two recent transactions, reducing the position by approximately 3.6%. Insider Selling: STUB Insider Sells 85,973 Shares
• Neutral Sentiment: Despite the selling, Islam still owned 8.15 million shares and Streams retained approximately 1.39 million shares after their respective transactions. Insider sales can reflect diversification or personal liquidity needs rather than a definitive view of future business performance.
• Neutral Sentiment: Analyst opinions remain mixed: five analysts rate STUB a Buy, seven rate it Hold and two rate it Sell. The consensus rating is Hold, with an average price target of $10.83, while recent targets include $11 from Oppenheimer and Mizuho and $14 from Evercore. The stock is trading well below those targets but remains below its 50-day and 200-day moving averages, signaling continued technical weakness.

Hedge Funds Weigh In On STUB

A number of large investors have recently made changes to their positions in the company. Stephens Group LLC lifted its stake in STUB by 193.2% in the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after purchasing an additional 673,715 shares during the last quarter. Morling Financial Advisors LLC purchased a new position in shares of STUB during the first quarter valued at approximately $868,000. Pine Ridge Advisers LLC bought a new position in shares of STUB during the first quarter valued at approximately $4,117,000. Thrive Capital Management LLC purchased a new stake in shares of STUB in the third quarter worth approximately $1,158,000. Finally, Galaxy Digital Inc. purchased a new stake in shares of STUB in the first quarter worth approximately $2,070,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen dropped their price target on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research report on Tuesday, May 19th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, STUB currently has a consensus rating of “Hold” and an average price target of $10.83.

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.