STUB (NYSE:STUB) Insider Sells $714,057.03 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 54,801 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $13.03, for a total value of $714,057.03. Following the sale, the insider directly owned 8,454,764 shares in the company, valued at $110,165,574.92. This represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The shares were 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 shares were 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 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 stock was 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 stock was sold at an average price of $11.37, for a total value of $190,106.40.

STUB Stock Down 6.0%

STUB stock opened at $12.71 on Thursday. The firm has a market capitalization of $4.77 billion and a P/E ratio of -21.19. The company has a 50-day moving average of $10.22. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. 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 announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts anticipate that STUB will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On STUB

Large investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new stake in shares of STUB during the first quarter valued at about $34,000. Royal Bank of Canada increased its stake in shares of 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 buying an additional 4,214 shares during the period. Lido Advisors LLC bought a new position in STUB in the 1st quarter valued at approximately $69,000. Garner Asset Management Corp acquired a new stake in STUB during the 4th quarter worth approximately $92,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in STUB during the 4th quarter worth approximately $143,000.

Key Stories Impacting STUB

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders have sold STUB shares in recent days, including a larger sale by Nayaab Islam, which may signal reduced confidence or simply profit-taking after the stock’s recent rally. STUB insider buying and selling alert
• Negative Sentiment: Brokerage coverage remains mixed, with the latest report saying STUB has an average rating of “Hold,” reinforcing the idea that Wall Street is not yet broadly bullish on the stock. STUB receives average rating of Hold from brokerages
• Neutral Sentiment: Recent earnings were better than expected, with STUB posting a profit versus estimates for a small loss and revenue growing 12.2% year over year, which provides some fundamental support even as sentiment stays uneven.

Analyst Ratings Changes

STUB has been the subject of several recent analyst reports. HSBC upgraded STUB to a “buy” rating in a research report on Tuesday, May 19th. Guggenheim reissued a “buy” rating on shares of STUB in a report on Friday, June 12th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a report 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, June 13th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.50.

STUB Company Profile

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.