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

STUB (NYSE:STUB) insider Nayaab Islam sold 25,400 shares of STUB stock in a transaction dated 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 of the company’s stock, valued at $110,906,981.92. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, 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 Trading Down 0.4%

STUB opened at $12.82 on Thursday. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The firm has a market cap of $4.81 billion and a PE ratio of -21.37. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $9.62.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on STUB. Weiss Ratings reiterated a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Wedbush reiterated a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Oppenheimer lowered their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Finally, Citigroup started coverage on STUB in a research report on Tuesday, May 19th. They issued a “buy” rating for the company. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Hedge Funds Weigh In On STUB

A number of hedge funds and other institutional investors have recently bought and sold shares of STUB. Royal Bank of Canada raised its position 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 valued at $39,000 after acquiring an additional 4,214 shares during the last quarter. Ardmore Road Asset Management LP boosted its position in shares of STUB by 25.0% in the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after purchasing an additional 5,000 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of STUB in the 1st quarter worth $34,000. Cornerstone Wealth Management LLC grew its stake in shares of STUB by 20.0% during 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 period. Finally, Garner Asset Management Corp acquired a new stake in shares of STUB during the fourth quarter worth $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.