STUB (NYSE:STUB) Insider Nayaab Islam Sells 54,801 Shares

STUB (NYSE:STUB) insider Nayaab Islam sold 54,801 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.03, for a total transaction of $714,057.03. Following the completion of the sale, the insider directly owned 8,454,764 shares in the company, valued at approximately $110,165,574.92. This represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 transaction of $190,106.40.

STUB Stock Performance

STUB stock opened at $13.67 on Tuesday. The business’s 50-day simple moving average is $9.98. 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 one year low of $5.74 and a one year high of $27.89.

STUB (NYSE:STUB) last released its earnings results 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 during the quarter. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts forecast that STUB will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STUB shares. BMO Capital Markets cut STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. raised their target price on shares of STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup began coverage on shares of STUB in a report on Tuesday, May 19th. They set a “buy” rating on the stock. Sanford C. Bernstein raised shares of STUB to an “outperform” rating in a research report on Tuesday, May 19th. Finally, UBS Group started coverage on shares of STUB in a research note on Tuesday, May 19th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

Institutional Investors Weigh In On STUB

A number of institutional investors have recently made changes to their positions in STUB. WestCap Management LLC acquired a new position in shares of STUB in the fourth quarter valued at approximately $429,370,000. Capital Research Global Investors acquired a new stake in STUB during the 4th quarter worth approximately $106,887,000. Index Venture Associates III Ltd bought a new stake in STUB in the 4th quarter valued at $85,192,000. PointState Capital LP grew its holdings in STUB by 19.9% in the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company’s stock valued at $335,860,000 after buying an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors acquired a new position in STUB in the 4th quarter valued at $55,235,000.

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.