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

STUB (NYSE:STUB) insider Nayaab Islam sold 1,300 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $13.00, for a total value of $16,900.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 value of $330,962.00.
• 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 value 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 0.4%

Shares of STUB traded down $0.05 during midday trading on Wednesday, reaching $12.82. 4,557,325 shares of the stock were exchanged, compared to its average volume of 8,518,099. The firm has a 50 day moving average of $9.62. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The stock has a market capitalization of $4.81 billion and a P/E ratio of -21.37. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.96.

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

Institutional Investors Weigh In On STUB

Institutional investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. purchased a new stake in STUB in the 1st quarter valued at $34,000. Royal Bank of Canada boosted its holdings in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after acquiring an additional 4,214 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of STUB in the 1st quarter worth $69,000. Garner Asset Management Corp purchased a new stake in shares of STUB in the fourth quarter valued at about $92,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of STUB during the fourth quarter valued at about $143,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. BMO Capital Markets downgraded STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. HSBC upgraded shares of STUB to a “buy” rating in a research note on Tuesday, May 19th. UBS Group initiated coverage on shares of STUB in a report on Tuesday, May 19th. They set a “neutral” rating on the stock. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. Finally, Guggenheim reissued a “buy” rating on shares of STUB in a research report on Friday, June 12th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.