STUB (NYSE:STUB) Insider Nayaab Islam Sells 1,300 Shares of Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 1,300 shares of STUB stock in a transaction on Monday, June 29th. The stock was sold at an average price of $13.00, for a total transaction of $16,900.00. Following the sale, the insider directly owned 8,537,064 shares in the company, valued at approximately $110,981,832. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 stock was sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Trading Down 0.4%

Shares of NYSE STUB opened at $12.82 on Thursday. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The stock has a market cap of $4.81 billion and a PE ratio of -21.37. 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 company’s 50-day simple moving average is $9.62.

STUB (NYSE:STUB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. STUB’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts forecast that STUB will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on STUB. Citigroup initiated coverage on STUB in a research report on Tuesday, May 19th. They set a “buy” rating on the stock. Guggenheim restated a “buy” rating on shares of STUB in a report on Friday, June 12th. Morgan Stanley lifted their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. Finally, Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. WestCap Management LLC purchased a new position in STUB in the fourth quarter worth approximately $429,370,000. Capital Research Global Investors purchased a new stake in STUB in the fourth quarter valued at $106,887,000. Index Venture Associates III Ltd acquired a new position in shares of STUB in the 4th quarter valued at $85,192,000. PointState Capital LP lifted its stake in shares of STUB by 19.9% in the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after purchasing an additional 4,117,332 shares during the last quarter. Finally, Capital International Investors acquired a new position in shares of STUB in the 4th quarter valued at $55,235,000.

STUB Company Profile

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.