Nayaab Islam Sells 16,720 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 16,720 shares of STUB stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the transaction, the insider owned 8,563,444 shares in the company, valued at approximately $97,366,358.28. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

STUB Trading Down 1.2%

Shares of STUB opened at $11.36 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The firm has a 50-day moving average price of $8.54. The stock has a market capitalization of $4.27 billion and a price-to-earnings ratio of -18.94.

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, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. The firm’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts predict that STUB will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On STUB

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares during the period. Ardmore Road Asset Management LP raised its position in STUB by 25.0% in the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after purchasing an additional 5,000 shares during the period. Pittenger & Anderson Inc. purchased a new stake in STUB in the first quarter valued at approximately $34,000. Cornerstone Wealth Management LLC lifted its stake in STUB by 20.0% during the fourth 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 in the last quarter. Finally, Garner Asset Management Corp acquired a new position in STUB during the fourth quarter worth $92,000.

Analysts Set New Price Targets

STUB has been the topic of several analyst reports. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research report on Friday, June 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. UBS Group started coverage on STUB in a research note on Tuesday, May 19th. They set a “neutral” rating for the company. Citigroup began coverage on STUB in a research note on Tuesday, May 19th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.50.

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.