STUB (NYSE:STUB) Insider Nayaab Islam Sells 2,800 Shares of Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 2,800 shares of STUB stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total transaction of $39,228.00. Following the completion of the sale, the insider owned 8,451,964 shares in the company, valued at approximately $118,412,015.64. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 stock was sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Price Performance

STUB stock opened at $11.47 on Friday. 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 has a 1 year low of $5.74 and a 1 year high of $27.89. The business has a 50-day moving average of $10.30. The company has a market capitalization of $4.31 billion and a P/E ratio of -19.12.

STUB (NYSE:STUB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that STUB will post 0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STUB. Pittenger & Anderson Inc. purchased a new stake in shares of STUB during the first quarter valued at approximately $34,000. Royal Bank of Canada raised its holdings 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 position in STUB in the 1st quarter worth approximately $69,000. Garner Asset Management Corp bought a new position in STUB in the 4th quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company bought a new position in STUB in the 4th quarter valued at approximately $143,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on STUB shares. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. 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. UBS Group initiated coverage on shares of STUB in a report on Tuesday, May 19th. They set a “neutral” rating on the stock. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research report on Friday, June 12th. Finally, Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.50.

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.