STUB (NYSE:STUB) Insider Sells $27,287.00 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 2,099 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $13.00, for a total value of $27,287.00. Following the completion of the transaction, the insider directly owned 8,509,565 shares of the company’s stock, valued at approximately $110,624,345. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The shares were sold at an average price of $13.03, for a total transaction of $714,057.03.
• 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 Monday, June 29th, Nayaab Islam sold 1,300 shares of STUB stock. The shares were 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 Stock Down 6.0%

NYSE STUB opened at $12.71 on Thursday. The company has a market capitalization of $4.77 billion and a PE ratio of -21.19. The company has a 50-day simple moving average of $10.22. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

STUB (NYSE:STUB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million for the quarter. STUB’s revenue was up 12.2% on a year-over-year basis. Research analysts anticipate that STUB will post 0.56 earnings per share for the current year.

Key Headlines Impacting STUB

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders have sold STUB shares in recent days, including a larger sale by Nayaab Islam, which may signal reduced confidence or simply profit-taking after the stock’s recent rally. STUB insider buying and selling alert
• Negative Sentiment: Brokerage coverage remains mixed, with the latest report saying STUB has an average rating of “Hold,” reinforcing the idea that Wall Street is not yet broadly bullish on the stock. STUB receives average rating of Hold from brokerages
• Neutral Sentiment: Recent earnings were better than expected, with STUB posting a profit versus estimates for a small loss and revenue growing 12.2% year over year, which provides some fundamental support even as sentiment stays uneven.

Institutional Investors Weigh In On STUB

A number of hedge funds and other institutional investors have recently bought and sold shares of STUB. Bank of America Corp DE raised its position in STUB by 396.1% in the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after purchasing an additional 457,321 shares during the last quarter. Pine Ridge Advisers LLC bought a new stake in shares of STUB during the first quarter worth $4,117,000. Royal Bank of Canada increased its stake in shares of 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 buying an additional 4,214 shares in the last quarter. Rokos Capital Management LLP increased its stake in shares of STUB by 40.4% in the first quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock valued at $13,375,000 after buying an additional 616,892 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of STUB by 481.5% in the first quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company’s stock valued at $383,000 after buying an additional 50,784 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Morgan Stanley lifted their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.