Insider Selling: STUB (NYSE:STUB) Insider Sells $330,962.00 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 25,400 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $13.03, for a total transaction of $330,962.00. Following the completion of the sale, the insider directly owned 8,511,664 shares of the company’s stock, valued at $110,906,981.92. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 value 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 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 value of $190,106.40.

STUB Stock Down 0.4%

STUB stock traded down $0.05 during mid-day trading on Wednesday, reaching $12.82. 4,557,325 shares of the company were exchanged, compared to its average volume of 8,518,099. The stock has a 50-day moving average price of $9.62. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. 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 quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. STUB’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that STUB will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on STUB shares. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report on Tuesday, May 19th. Wedbush reaffirmed a “neutral” rating and issued a $10.00 price objective (down from $18.00) on shares of STUB in a report on Thursday, March 5th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. UBS Group began coverage on STUB in a report on Tuesday, May 19th. They issued a “neutral” rating for the company. Finally, Oppenheimer cut their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, STUB currently has a consensus rating of “Hold” and an average price target of $11.50.

Institutional Investors Weigh In On STUB

A number of institutional investors and hedge funds have recently modified their holdings of STUB. Pittenger & Anderson Inc. acquired a new position in STUB during the first quarter worth $34,000. Royal Bank of Canada grew its holdings in 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 purchased a new position in shares of STUB in the first quarter valued at $69,000. Garner Asset Management Corp purchased a new position in shares of STUB in the fourth quarter valued at $92,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of STUB during the 4th quarter worth $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.