Insider Selling: STUB (NYSE:STUB) Insider Sells 85,973 Shares of Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 85,973 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $6.86, for a total transaction of $589,774.78. Following the sale, the insider owned 8,146,255 shares in the company, valued at $55,883,309.30. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The shares were sold at an average price of $6.78, for a total transaction of $1,489,810.08.
• On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The stock was 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 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 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 stock was sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Stock Down 0.4%

Shares of STUB stock traded down $0.03 on Thursday, reaching $6.55. 5,813,191 shares of the stock were exchanged, compared to its average volume of 5,438,262. The company has a market capitalization of $2.50 billion and a price-to-earnings ratio of -1.14. The business’s 50 day moving average price is $9.71 and its 200 day moving average price is $8.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STUB. BMO Capital Markets downgraded STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. UBS Group set a $7.50 target price on STUB in a research note on Thursday, August 13th. Morgan Stanley upped their price target on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. TD Cowen lowered their price target on STUB from $16.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 21st. Finally, Oppenheimer dropped their price target on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.83.

Institutional Investors Weigh In On STUB

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of STUB during the fourth quarter worth approximately $1,044,000. Garner Asset Management Corp purchased a new stake in STUB in the 4th quarter valued at $92,000. International Assets Investment Management LLC purchased a new stake in STUB in the 4th quarter valued at $149,000. Baader Bank Aktiengesellschaft purchased a new stake in STUB in the 4th quarter valued at $1,015,000. Finally, Cornerstone Wealth Management LLC boosted its stake in STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after purchasing an additional 6,070 shares during the period.

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.