STUB (NYSE:STUB) Insider Sells $39,228.00 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 2,800 shares of STUB stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $14.01, for a total value of $39,228.00. Following the completion of the sale, the insider directly owned 8,451,964 shares in the company, valued at approximately $118,412,015.64. The trade was a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $13.03, for a total value of $714,057.03.
• On Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The stock was sold at an average price of $13.00, for a total transaction of $27,287.00.
• On Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The shares were 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 stock was 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 stock was 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 Price Performance

Shares of NYSE STUB traded down $0.40 during mid-day trading on Friday, hitting $11.12. 8,353,190 shares of the company’s stock traded hands, compared to its average volume of 8,238,211. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The business has a 50-day moving average of $10.37. The company has a market capitalization of $4.18 billion and a P/E ratio of -18.54.

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

Institutional Trading of STUB

Large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. purchased a new stake in STUB in the first quarter worth about $34,000. Royal Bank of Canada increased its position in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares during the period. Lido Advisors LLC bought a new stake in shares of STUB in the 1st quarter valued at about $69,000. Garner Asset Management Corp bought a new stake in shares of STUB in the 4th quarter valued at about $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of STUB in the 4th quarter worth approximately $143,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on STUB shares. Citigroup started coverage on shares of STUB in a research report on Tuesday, May 19th. They set a “buy” rating on the stock. Morgan Stanley raised their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Guggenheim restated a “buy” rating on shares of STUB in a research report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, six have given 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.

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.