STUB (NYSE:STUB) Insider Sells $190,106.40 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 16,720 shares of STUB stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $11.37, for a total value of $190,106.40. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

STUB Stock Performance

STUB stock traded up $0.02 during midday trading on Tuesday, reaching $11.52. The stock had a trading volume of 7,721,212 shares, compared to its average volume of 4,606,909. The stock has a market capitalization of $4.32 billion and a PE ratio of -19.19. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company’s fifty day moving average is $8.44. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $446.05 million for the quarter. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on STUB. Citigroup began coverage on STUB in a research report on Tuesday, May 19th. They set a “buy” rating on the stock. Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of STUB in a research report on Thursday, June 4th. UBS Group began coverage on STUB in a research report on Tuesday, May 19th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price target on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, STUB has an average rating of “Hold” and an average target price of $11.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STUB. Pittenger & Anderson Inc. acquired a new position in shares of STUB during the 1st quarter worth approximately $34,000. Royal Bank of Canada increased its holdings 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 acquiring an additional 4,214 shares during the last quarter. Lido Advisors LLC acquired a new position in shares of STUB during the 1st quarter worth approximately $69,000. Garner Asset Management Corp acquired a new position in shares of STUB during the 4th quarter worth approximately $92,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of STUB during the 4th quarter worth approximately $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.