STUB (NYSE:STUB) Insider Nayaab Islam Sells 219,736 Shares

STUB (NYSE:STUB) insider Nayaab Islam sold 219,736 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total value of $1,489,810.08. Following the sale, the insider owned 8,232,228 shares of the company’s stock, valued at $55,814,505.84. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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, 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 transaction 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 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 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 Stock Down 0.4%

STUB stock opened at $6.55 on Friday. The company has a 50 day moving average of $9.61 and a two-hundred day moving average of $8.82. The company has a market cap of $2.50 billion and a price-to-earnings ratio of -1.14. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings 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 purchasing an additional 4,214 shares in the last quarter. Ardmore Road Asset Management LP increased its position in STUB by 25.0% during the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock worth $338,000 after buying an additional 5,000 shares during the last quarter. Pittenger & Anderson Inc. acquired a new position in STUB during the first quarter worth $34,000. Cornerstone Wealth Management LLC raised its holdings in STUB by 20.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after buying an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp bought a new position in STUB during the fourth quarter valued at about $92,000.

Analyst Ratings Changes

Several brokerages recently issued reports on STUB. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a report on Tuesday, May 19th. Morgan Stanley boosted their target price on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. UBS Group set a $7.50 target price on STUB in a research report on Thursday, August 13th. BMO Capital Markets downgraded STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Finally, Oppenheimer reduced their price target on STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.83.

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.