STUB (NYSE:STUB) Insider Sells $16,900.00 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 1,300 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 8,537,064 shares of the company’s stock, valued at $110,981,832. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $302,214.00.
• On Monday, June 15th, Nayaab Islam sold 16,720 shares of STUB stock. The stock was sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Stock Performance

STUB stock traded down $0.05 during mid-day trading on Wednesday, hitting $12.82. The company had a trading volume of 4,557,325 shares, compared to its average volume of 8,518,099. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $4.81 billion and a price-to-earnings ratio of -21.37. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The firm’s fifty day moving average is $9.62.

STUB (NYSE:STUB) last posted 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 company had revenue of $446.05 million during the quarter. The company’s revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that STUB will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

STUB has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating on shares of STUB in a report on Friday, June 12th. UBS Group began coverage on STUB in a research note on Tuesday, May 19th. They set a “neutral” rating on the stock. Morgan Stanley increased their price objective on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Finally, HSBC raised shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, STUB has an average rating of “Hold” and a consensus price target of $11.50.

Hedge Funds Weigh In On STUB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new stake in shares of STUB in the 1st quarter worth about $34,000. Royal Bank of Canada grew its position in 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 during the last quarter. Garner Asset Management Corp purchased a new position in shares of STUB in the fourth quarter worth $92,000. The Manufacturers Life Insurance Company purchased a new stake in shares of STUB during the 4th quarter valued at about $143,000. Finally, International Assets Investment Management LLC bought a new stake in STUB in the 4th quarter worth approximately $149,000.

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.