STUB (NYSE:STUB) Insider Nayaab Islam Sells 24,554 Shares

STUB (NYSE:STUB) insider Nayaab Islam sold 24,554 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $6.69, for a total value of $164,266.26. Following the completion of the transaction, the insider owned 8,011,292 shares of the company’s stock, valued at approximately $53,595,543.48. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nayaab Islam also recently made the following trade(s):

• On Thursday, September 3rd, Nayaab Islam sold 110,409 shares of STUB stock. The shares were sold at an average price of $6.66, for a total transaction of $735,323.94.
• On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The shares were sold at an average price of $6.86, for a total value of $589,774.78.
• On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The shares were sold at an average price of $6.78, for a total value of $1,489,810.08.
• On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00.
• On Monday, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03.
• On Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The stock was sold at an average price of $13.00, for a total value of $27,287.00.
• 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 value 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 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 value of $190,106.40.

STUB Price Performance

Shares of STUB opened at $6.61 on Friday. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a fifty day moving average price of $8.98 and a 200 day moving average price of $8.69. The company has a market cap of $2.53 billion and a P/E ratio of -1.15.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STUB. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Evercore set a $14.00 target price on STUB in a research note on Thursday, August 13th. Guggenheim reduced their price target on STUB from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. TD Cowen reduced their price target on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, STUB currently has an average rating of “Hold” and an average target price of $10.83.

Key STUB News

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Analysts maintain a consensus “Hold” rating with an average price target of $10.83, well above recent trading levels. Five analysts rate the stock a Buy, although seven recommend Hold and two recommend Sell. STUB analyst and market data
• Positive Sentiment: Several institutional investors increased their positions, including Stephens Group, which boosted its stake by 193.2%, and Bank of America, which increased its holdings by 396.1%. New positions were also reported by Pine Ridge Advisers and other investors. STUB institutional and insider trading report
• Neutral Sentiment: A FormPros announcement about instant pay-stub generation does not appear to concern StubHub Holdings or provide a direct operational update for STUB investors. FormPros pay-stub generation announcement
• Negative Sentiment: Insiders sold a combined 300,503 STUB shares in transactions dated September 2–4, generating approximately $1.95 million in proceeds. Nayaab Islam sold 134,963 shares, while Mark Streams sold 165,540 shares. Although both insiders retain significant holdings, repeated sales can weigh on sentiment and suggest limited near-term insider conviction. STUB insider sales report

Institutional Trading of STUB

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. acquired a new stake in shares of STUB in the 1st quarter worth approximately $34,000. Royal Bank of Canada boosted its holdings 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 acquiring an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of STUB during the first quarter valued at approximately $69,000. Garner Asset Management Corp acquired a new position in shares of STUB during the fourth quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in STUB in the fourth quarter worth approximately $143,000.

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.