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

STUB (NYSE:STUB) insider Nayaab Islam sold 2,800 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $14.01, for a total transaction of $39,228.00. Following the transaction, the insider directly owned 8,451,964 shares in the company, valued at $118,412,015.64. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The shares were 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 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 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 value of $190,106.40.

STUB Price Performance

NYSE STUB traded down $1.23 during trading on Thursday, hitting $11.47. 6,587,751 shares of the company’s stock traded hands, compared to its average volume of 8,263,257. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The business’s 50 day simple moving average is $10.30. STUB has a 12-month low of $5.74 and a 12-month high of $27.89.

STUB (NYSE:STUB) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Research analysts predict that STUB will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Craig Hallum lowered shares of STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Citigroup began coverage on shares of STUB in a research report on Tuesday, May 19th. They set a “buy” rating for the company. Weiss Ratings raised shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Hedge Funds Weigh In On STUB

A number of large investors have recently modified their holdings of STUB. CWM LLC grew its holdings in STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock worth $3,746,000 after acquiring an additional 276,394 shares during the last quarter. Thrive Capital Management LLC bought a new position in shares of STUB during the third quarter valued at about $1,158,000. Galaxy Group Investments LLC bought a new position in shares of STUB during the fourth quarter valued at about $4,488,000. Capital Research Global Investors purchased a new stake in shares of STUB during the fourth quarter worth about $106,887,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of STUB during the fourth quarter worth about $1,015,000.

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.