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

STUB (NYSE:STUB) insider Nayaab Islam sold 1,300 shares of STUB stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $13.00, for a total transaction of $16,900.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The stock was 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 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 shares were sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Trading Up 0.2%

NYSE:STUB opened at $12.88 on Friday. The company’s fifty day simple moving average is $9.73. 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 twelve month low of $5.74 and a twelve month high of $27.89. The firm has a market cap of $4.84 billion and a price-to-earnings ratio of -21.47.

STUB (NYSE:STUB) last announced its quarterly earnings results 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 quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that STUB will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on STUB. Wall Street Zen lowered STUB from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Citigroup began coverage on STUB in a research report on Tuesday, May 19th. They set a “buy” rating on the stock. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research report on Friday, June 12th. Oppenheimer dropped their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Finally, Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.50.

Institutional Trading of STUB

Large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in STUB by 194.4% in the first 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 last quarter. Ardmore Road Asset Management LP increased its holdings in STUB by 25.0% during 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. acquired a new position in shares of STUB in the 1st quarter valued at approximately $34,000. Cornerstone Wealth Management LLC raised its position in shares of STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after purchasing an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new position in shares of STUB in the 4th quarter valued at approximately $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.