STUB (NYSE:STUB) Insider Sells $302,214.00 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 25,080 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $12.05, for a total transaction of $302,214.00. Following the transaction, the insider owned 8,538,364 shares of the company’s stock, valued at $102,887,286.20. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, 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 value of $190,106.40.

STUB Trading Up 7.3%

Shares of STUB stock traded up $0.84 on Friday, reaching $12.36. The company’s stock had a trading volume of 45,532,282 shares, compared to its average volume of 6,227,466. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The company has a 50 day simple moving average of $9.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

STUB (NYSE:STUB) last posted its 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 business had revenue of $446.05 million for the quarter. STUB’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that STUB will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Morgan Stanley boosted their price target on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Wedbush reissued a “neutral” rating and issued a $10.00 price target (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Oppenheimer lowered their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Finally, BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.50.

Institutional Trading of STUB

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WestCap Management LLC purchased a new position in shares of STUB during the fourth quarter worth approximately $429,370,000. PointState Capital LP grew its holdings in shares of STUB by 19.9% during the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after purchasing an additional 4,117,332 shares during the last quarter. Capital Research Global Investors bought a new position in shares of STUB during the 4th quarter valued at $106,887,000. Index Venture Associates III Ltd purchased a new position in STUB in the 4th quarter worth $85,192,000. Finally, Capital International Investors purchased a new position in STUB in the 4th quarter worth $55,235,000.

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.