Insider Selling: STUB (NYSE:STUB) Insider Sells 2,099 Shares

STUB (NYSE:STUB) insider Nayaab Islam sold 2,099 shares of STUB stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $13.00, for a total transaction of $27,287.00. Following the sale, the insider owned 8,509,565 shares of the company’s stock, valued at $110,624,345. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 value of $714,057.03.
• 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 value 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 value 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 value of $190,106.40.

STUB Stock Performance

STUB stock opened at $13.67 on Tuesday. The company has a 50 day moving average of $9.98. STUB has a 1 year low of $5.74 and a 1 year 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 $5.13 billion and a P/E ratio of -22.79.

STUB (NYSE:STUB) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. STUB’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts expect that STUB will post 0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of STUB. Bank of America Corp DE grew its position 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 during the last quarter. Pine Ridge Advisers LLC acquired a new stake in STUB during the 1st quarter worth $4,117,000. Royal Bank of Canada raised its stake in STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares during the last quarter. Rokos Capital Management LLP lifted its stake in shares of STUB by 40.4% in the 1st quarter. Rokos Capital Management LLP now owns 2,143,423 shares of the company’s stock worth $13,375,000 after acquiring an additional 616,892 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of STUB by 481.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 61,330 shares of the company’s stock valued at $383,000 after buying an additional 50,784 shares during the period.

Wall Street Analyst Weigh In

STUB has been the subject of several recent research reports. HSBC upgraded STUB to a “buy” rating in a research note on Tuesday, May 19th. Citigroup assumed coverage on shares of STUB in a research note on Tuesday, May 19th. They issued a “buy” rating for the company. Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. UBS Group began coverage on shares of STUB in a research report on Tuesday, May 19th. They issued a “neutral” rating on the stock. Finally, BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 19th. Five research 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’s stock. According to MarketBeat, STUB has a consensus rating of “Hold” and a consensus price target of $11.50.

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.