Scott Michael Fitzgerald Sells 84,970 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB – Get Free Report) insider Scott Michael Fitzgerald sold 84,970 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $7.08, for a total transaction of $601,587.60. Following the completion of the sale, the insider owned 110,383 shares in the company, valued at approximately $781,511.64. The trade was a 43.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

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

STUB Price Performance

Shares of NYSE:STUB opened at $6.73 on Friday. STUB has a one year low of $5.74 and a one year high of $27.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.53 billion and a price-to-earnings ratio of -1.17. The firm has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $8.96.

Wall Street Analyst Weigh In

STUB has been the subject of a number of research reports. UBS Group set a $7.50 price target on STUB in a research note on Thursday, August 13th. Guggenheim lowered their target price on STUB from $12.50 to $11.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Mizuho set a $11.00 target price on STUB in a research report on Friday, August 14th. Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen cut STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.83.

Check Out Our Latest Stock Analysis on STUB

Hedge Funds Weigh In On STUB

A number of hedge funds have recently modified their holdings of STUB. Stephens Group LLC increased its holdings 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 purchasing an additional 673,715 shares during the period. Morling Financial Advisors LLC acquired a new position in STUB during the 1st quarter worth about $868,000. CWM LLC grew its position 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 buying an additional 276,394 shares during the last quarter. Pine Ridge Advisers LLC bought a new stake in shares of STUB in the 1st quarter valued at about $4,117,000. Finally, Thrive Capital Management LLC bought a new stake in shares of STUB in the 3rd quarter valued at about $1,158,000.

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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