Nayaab Islam Sells 24,554 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUBGet Free Report) insider Nayaab Islam sold 24,554 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $6.69, for a total transaction of $164,266.26. Following the completion of the transaction, the insider directly owned 8,011,292 shares in the company, valued at approximately $53,595,543.48. The trade was a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Thursday, September 3rd, Nayaab Islam sold 110,409 shares of STUB stock. The stock was sold at an average price of $6.66, for a total value of $735,323.94.
  • On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The shares were sold at an average price of $6.86, for a total transaction of $589,774.78.
  • On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The shares were sold at an average price of $6.78, for a total value of $1,489,810.08.
  • On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00.
  • 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 Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The shares were 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 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 shares were 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 stock was 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 shares were sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Stock Performance

NYSE:STUB opened at $6.61 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The firm has a market cap of $2.53 billion and a PE ratio of -1.15. The business has a 50 day moving average price of $8.98 and a 200-day moving average price of $8.69.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Guggenheim lowered their price target on STUB from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of STUB from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised their price objective 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. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, STUB currently has a consensus rating of “Hold” and a consensus price target of $10.83.

Check Out Our Latest Research Report on STUB

Hedge Funds Weigh In On STUB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STUB. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the 1st quarter worth $34,000. Royal Bank of Canada raised its position 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 valued at $39,000 after buying an additional 4,214 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of STUB during the 4th quarter valued at about $92,000. The Manufacturers Life Insurance Company bought a new position in shares of STUB in the 4th quarter valued at about $143,000. Finally, International Assets Investment Management LLC bought a new position in shares of STUB in the 4th quarter valued at about $149,000.

Key Stories Impacting STUB

Here are the key news stories impacting STUB this week:

  • Positive Sentiment: Analysts maintain a consensus “Hold” rating and an average price target of $10.83, considerably above recent levels. Five analysts rate STUB a Buy, while seven recommend Hold and two recommend Sell. TD Cowen maintains a Buy rating despite reducing its target to $12, and Evercore has set a $14 target. STUB analyst ratings and price targets
  • Neutral Sentiment: Several institutional investors recently increased their holdings, including Royal Bank of Canada, Ardmore Road Asset Management and Cornerstone Wealth Management. However, the reported position changes are relatively small and do not necessarily indicate a broad-based institutional buying trend. STUB institutional trading report
  • Neutral Sentiment: A FormPros announcement regarding instant pay-stub generation does not appear related to StubHub Holdings’ online ticket marketplace and is unlikely to affect STUB’s valuation or operations. FormPros announcement
  • Negative Sentiment: Insiders sold a combined 300,503 STUB shares in transactions dated September 2–4 for approximately $1.95 million. Nayaab Islam sold 134,963 shares but still owns more than 8 million shares, while Mark Streams sold 165,540 shares, reducing his position by nearly 10%. Continued insider selling may weigh on investor sentiment and suggests limited near-term insider conviction. STUB insider sales report

About STUB

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for STUB (NYSE:STUB)

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