Nayaab Islam Sells 24,554 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 24,554 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.69, for a total transaction of $164,266.26. Following the sale, the insider directly owned 8,011,292 shares of the company’s stock, valued at $53,595,543.48. This represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, September 3rd, Nayaab Islam sold 110,409 shares of STUB stock. The shares were sold at an average price of $6.66, for a total transaction of $735,323.94.
• On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The stock was sold at an average price of $6.86, for a total value of $589,774.78.
• 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 value of $1,489,810.08.
• On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The shares were 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 value 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 value of $27,287.00.
• 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 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 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 Price Performance

Shares of NYSE:STUB traded up $0.08 during midday trading on Friday, hitting $6.61. 6,018,997 shares of the stock were exchanged, compared to its average volume of 5,472,047. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $9.09 and a 200-day moving average price of $8.70. The stock has a market cap of $2.53 billion and a P/E ratio of -1.15. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. purchased a new stake in shares of STUB during the 1st quarter worth $34,000. Royal Bank of Canada raised its stake in STUB by 194.4% in 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 purchased a new stake in STUB during the 1st quarter valued at about $69,000. Garner Asset Management Corp acquired a new position in shares of STUB in the fourth quarter valued at about $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in STUB in the fourth quarter valued at approximately $143,000.

Analyst Ratings Changes

STUB has been the topic of several analyst reports. HSBC upgraded shares of STUB to a “buy” rating in a report on Tuesday, May 19th. Bank of America reissued an “underperform” rating and set a $7.50 price target (down from $11.00) on shares of STUB in a research report on Thursday, August 13th. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. 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 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 a consensus rating of “Hold” and an average 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.