STUB (NYSE:STUB) Insider Nayaab Islam Sells 85,973 Shares of Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 85,973 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $6.86, for a total transaction of $589,774.78. Following the completion of the transaction, the insider directly owned 8,146,255 shares of the company’s stock, valued at $55,883,309.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The stock was sold at an average price of $6.78, for a total transaction 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 shares were 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 shares were 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 stock was 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 Trading Down 0.4%

Shares of NYSE:STUB opened at $6.55 on Friday. STUB has a 52-week low of $5.74 and a 52-week high of $27.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $2.50 billion and a P/E ratio of -1.14. The company has a 50-day simple moving average of $9.61 and a 200 day simple moving average of $8.82.

Wall Street Analyst Weigh In

STUB has been the subject of a number of recent analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $7.50 price objective (down from $11.00) on shares of STUB in a research report on Thursday, August 13th. TD Cowen decreased their target price on STUB from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 21st. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Citigroup reaffirmed a “neutral” rating on shares of STUB in a report on Wednesday, July 15th. Finally, Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.83.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. acquired a new stake in STUB during the first quarter worth approximately $34,000. Royal Bank of Canada grew its position 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 purchasing an additional 4,214 shares during the last quarter. Lido Advisors LLC acquired a new position in shares of STUB in the first quarter valued at approximately $69,000. Garner Asset Management Corp bought a new position in shares of STUB during the fourth quarter worth approximately $92,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of STUB during the fourth quarter worth approximately $143,000.

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.