Insider Selling: STUB (NYSE:STUB) CFO Sells $823,506.64 in Stock

STUB (NYSE:STUBGet Free Report) CFO Constance James sold 116,644 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $7.06, for a total transaction of $823,506.64. Following the sale, the chief financial officer owned 349,934 shares in the company, valued at approximately $2,470,534.04. The trade was a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

STUB Price Performance

Shares of STUB opened at $6.73 on Friday. The company has a market capitalization of $2.53 billion and a P/E ratio of -1.17. 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 firm has a 50 day moving average of $10.00 and a 200 day moving average of $8.96. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

Institutional Investors Weigh In On STUB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in STUB by 194.4% in the 1st 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. Ardmore Road Asset Management LP lifted its holdings in shares of STUB by 25.0% during the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after buying an additional 5,000 shares during the period. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the 1st quarter worth $34,000. Cornerstone Wealth Management LLC grew its holdings in shares of STUB by 20.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after acquiring an additional 6,070 shares during the period. Finally, Garner Asset Management Corp purchased a new stake in STUB during the fourth quarter valued at $92,000.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer cut their target price on STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. upped their price target on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings raised STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, HSBC upgraded STUB to a “buy” rating in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.83.

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STUB Company Profile

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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.

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Insider Buying and Selling by Quarter for STUB (NYSE:STUB)

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