STUB (NYSE:STUB) Insider Sells 25,080 Shares

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 completion of the transaction, the insider owned 8,538,364 shares in the company, valued at approximately $102,887,286.20. This represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 shares were sold at an average price of $11.37, for a total value of $190,106.40.

STUB Trading Up 7.3%

STUB stock traded up $0.84 during trading on Friday, hitting $12.36. 45,532,282 shares of the company traded hands, compared to its average volume of 6,227,466. The stock has a 50-day moving average of $9.26. 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 1 year low of $5.74 and a 1 year high of $27.89.

STUB (NYSE:STUB) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. The company had revenue of $446.05 million during the quarter. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

STUB has been the topic of several analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $10.00 target price (down from $18.00) on shares of STUB in a research note on Thursday, March 5th. Guggenheim reissued a “buy” rating on shares of STUB in a report on Friday, June 12th. Oppenheimer decreased their price objective on shares of STUB from $20.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Five equities 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.50.

Institutional Trading of STUB

Large investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. purchased a new position in shares of STUB during the 1st quarter worth approximately $34,000. Royal Bank of Canada lifted its stake in shares of STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after purchasing an additional 4,214 shares during the period. Lido Advisors LLC bought a new stake in shares of STUB during the first quarter valued at approximately $69,000. Garner Asset Management Corp bought a new stake in shares of STUB during the fourth quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in STUB in the fourth quarter worth $143,000.

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.