Nayaab Islam Sells 2,099 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 2,099 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $13.00, for a total value of $27,287.00. Following the completion of the sale, the insider directly owned 8,509,565 shares in the company, valued at approximately $110,624,345. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nayaab Islam also recently made the following trade(s):

• On Monday, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03.
• On Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The stock was sold at an average price of $13.03, for a total transaction of $330,962.00.
• On Monday, June 29th, Nayaab Islam sold 1,300 shares of STUB stock. The shares were sold at an average price of $13.00, for a total transaction of $16,900.00.
• On Friday, June 26th, Nayaab Islam sold 25,080 shares of STUB stock. The shares were sold at an average price of $12.05, for a total transaction of $302,214.00.
• On Monday, June 15th, Nayaab Islam sold 16,720 shares of STUB stock. The shares were sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Stock Down 0.8%

Shares of NYSE STUB opened at $13.58 on Wednesday. The stock has a market cap of $5.10 billion and a price-to-earnings ratio of -22.64. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $10.11.

STUB (NYSE:STUB) last issued its earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts expect that STUB will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating on shares of STUB in a report on Friday, June 12th. HSBC upgraded shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. JPMorgan Chase & Co. lifted their target price on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Morgan Stanley boosted their target price on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Finally, Sanford C. Bernstein raised STUB to an “outperform” rating in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.50.

Key STUB News

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders, including Nayaab Islam and Mark Streams, have sold shares in recent days, with the largest disclosed sale being 54,801 shares by Islam. Although the trades were made under pre-arranged 10b5-1 plans, the volume of selling may weigh on sentiment. STUB insider selling alert
• Negative Sentiment: StubHub is reportedly being probed in Texas over alleged “ghost ticketing” charges, creating a potential legal and reputational headwind for STUB. StubHub under investigation in Texas over ghost ticketing charges
• Neutral Sentiment: Recent quarterly results were solid, with earnings of $0.06 per share beating expectations and revenue rising 12.2% year over year, which provides some fundamental support even as sentiment is being driven by insider activity and the investigation. STUB quarterly results and stock information

Hedge Funds Weigh In On STUB

A number of hedge funds and other institutional investors have recently modified their holdings of STUB. Royal Bank of Canada raised its holdings in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares in the last quarter. Ardmore Road Asset Management LP grew its holdings in shares of STUB by 25.0% in the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after purchasing an additional 5,000 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the first quarter valued at $34,000. Cornerstone Wealth Management LLC increased its position in 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 purchasing an additional 6,070 shares during the last quarter. Finally, Garner Asset Management Corp purchased a new stake in STUB during the fourth quarter valued at $92,000.

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.