STUB (NYSE:STUB) Insider Nayaab Islam Sells 16,720 Shares of Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 16,720 shares of STUB stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $11.37, for a total value of $190,106.40. Following the sale, the insider directly owned 8,563,444 shares in the company, valued at $97,366,358.28. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

STUB Price Performance

STUB stock opened at $11.52 on Wednesday. The business has a 50 day moving average of $8.44. 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 firm has a market capitalization of $4.32 billion and a price-to-earnings ratio of -19.19. STUB has a one year low of $5.74 and a one year high of $27.89.

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

Hedge Funds Weigh In On STUB

A number of institutional investors have recently modified their holdings of STUB. CWM LLC raised its position in shares of STUB by 56,638.1% during the fourth quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after purchasing an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of STUB during the fourth quarter worth approximately $1,044,000. Garner Asset Management Corp acquired a new position in shares of STUB during the fourth quarter worth approximately $92,000. International Assets Investment Management LLC acquired a new position in shares of STUB during the fourth quarter worth approximately $149,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of STUB during the fourth quarter worth approximately $1,015,000.

Wall Street Analyst Weigh In

STUB has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. UBS Group initiated coverage on shares of STUB in a report on Tuesday, May 19th. They issued a “neutral” rating on the stock. Wedbush restated a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Finally, Oppenheimer dropped their price target on STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.