Nayaab Islam Sells 25,080 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 25,080 shares of STUB stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $12.05, for a total value of $302,214.00. Following the sale, the insider directly owned 8,538,364 shares of the company’s stock, valued at $102,887,286.20. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, 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 Trading Up 7.3%

STUB opened at $12.36 on Friday. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. 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 stock has a market cap of $4.64 billion and a price-to-earnings ratio of -20.60. The stock’s 50 day simple moving average is $9.26.

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

Analyst Ratings Changes

A number of brokerages have commented on STUB. JPMorgan Chase & Co. increased their target price on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Morgan Stanley boosted their price target on STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein raised STUB to an “outperform” rating in a research note on Tuesday, May 19th. Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, HSBC raised shares of STUB to a “buy” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pittenger & Anderson Inc. purchased a new stake in shares of STUB in the first quarter valued at approximately $34,000. Royal Bank of Canada lifted its position in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after buying an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new position in STUB during the first quarter worth $69,000. Garner Asset Management Corp acquired a new position in STUB during the fourth quarter worth $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in STUB in the 4th quarter valued at $143,000.

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.