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

STUB (NYSE:STUB) insider Nayaab Islam sold 54,801 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $13.03, for a total value of $714,057.03. Following the transaction, the insider directly owned 8,454,764 shares of the company’s stock, valued at approximately $110,165,574.92. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value 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 value 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 stock was sold at an average price of $11.37, for a total value of $190,106.40.

STUB Price Performance

Shares of STUB stock opened at $13.58 on Wednesday. The firm has a 50 day moving average of $10.11. STUB has a one year low of $5.74 and a one year high of $27.89. The company has a market capitalization of $5.10 billion and a PE ratio of -22.64. 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 (NYSE:STUB) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. The firm had revenue of $446.05 million for the quarter. STUB’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts expect that STUB will post 0.56 earnings per share for the current year.

STUB News Roundup

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Multiple insiders, including Nayaab Islam and Mark Streams, have sold shares in recent days, with the largest disclosed sale being 54,801 shares by Islam. Although the trades were made under pre-arranged 10b5-1 plans, the volume of selling may weigh on sentiment. STUB insider selling alert
• Negative Sentiment: StubHub is reportedly being probed in Texas over alleged “ghost ticketing” charges, creating a potential legal and reputational headwind for STUB. StubHub under investigation in Texas over ghost ticketing charges
• Neutral Sentiment: Recent quarterly results were solid, with earnings of $0.06 per share beating expectations and revenue rising 12.2% year over year, which provides some fundamental support even as sentiment is being driven by insider activity and the investigation. STUB quarterly results and stock information

Hedge Funds Weigh In On STUB

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Wall Street Zen downgraded STUB from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a research note on Thursday, June 4th. Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.50.

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.