Nayaab Islam Sells 25,400 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 25,400 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $13.03, for a total value of $330,962.00. Following the completion of the transaction, the insider directly owned 8,511,664 shares in the company, valued at $110,906,981.92. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 value 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 stock was sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Price Performance

STUB stock opened at $12.88 on Friday. The stock has a market cap of $4.84 billion and a P/E ratio of -21.47. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The business has a 50-day moving average of $9.73. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96.

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

Institutional Investors Weigh In On STUB

Hedge funds have recently made changes to their positions in the stock. Pittenger & Anderson Inc. purchased a new position in STUB in the first quarter valued at about $34,000. Royal Bank of Canada lifted its position in shares of STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after buying an additional 4,214 shares during the last quarter. 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 position in shares of STUB in the 4th quarter worth approximately $143,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STUB shares. Morgan Stanley increased their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Citigroup began coverage on STUB in a report on Tuesday, May 19th. They issued a “buy” rating for the company. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, UBS Group initiated coverage on STUB in a research note on Tuesday, May 19th. They set a “neutral” rating on the stock. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

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.