Insider Selling: STUB (NYSE:STUB) Insider Sells $1,489,810.08 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 219,736 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total transaction of $1,489,810.08. Following the sale, the insider owned 8,232,228 shares in the company, valued at $55,814,505.84. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $589,774.78.
• 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 shares were 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 shares were 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 stock was 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 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 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 shares were sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Stock Down 0.4%

Shares of NYSE:STUB traded down $0.03 during trading on Thursday, hitting $6.55. The company’s stock had a trading volume of 5,813,191 shares, compared to its average volume of 5,438,262. The business has a 50 day moving average price of $9.71 and a two-hundred day moving average price of $8.84. The company has a market capitalization of $2.50 billion and a PE ratio of -1.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

Hedge Funds Weigh In On STUB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STUB. California State Teachers Retirement System purchased a new position in STUB in the second quarter valued at approximately $509,000. Rose Capital Advisors LLC acquired a new stake in STUB during the second quarter worth approximately $183,000. Comprehensive Financial Management LLC lifted its position in shares of STUB by 13.6% during the 2nd quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company’s stock worth $5,026,000 after buying an additional 46,808 shares during the last quarter. Stephens Group LLC lifted its position in shares of STUB by 193.2% during the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after buying an additional 673,715 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of STUB by 396.1% in the 1st quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after buying an additional 457,321 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STUB shares. Wall Street Zen lowered STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Bank of America restated an “underperform” rating and set a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Morgan Stanley increased their price target on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. UBS Group set a $7.50 price objective on STUB in a research note on Thursday, August 13th. Finally, Mizuho set a $11.00 price objective on STUB in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.