STUB (NYSE:STUB) Insider Sells 25,400 Shares

by · The Markets Daily

STUB (NYSE:STUB – Get Free Report) insider Nayaab Islam sold 25,400 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $13.03, for a total transaction of $330,962.00. Following the sale, the insider owned 8,511,664 shares in the company, valued at $110,906,981.92. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 transaction 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 transaction 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 transaction of $190,106.40.

STUB Stock Performance

Shares of NYSE:STUB traded down $0.05 during trading on Wednesday, hitting $12.82. The company’s stock had a trading volume of 4,557,325 shares, compared to its average volume of 8,518,099. The firm’s 50 day simple moving average is $9.62. 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 has a fifty-two week low of $5.74 and a fifty-two week high of $27.89.

STUB (NYSE:STUB – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that STUB will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of STUB

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC boosted its position in shares of STUB by 56,638.1% in the 4th quarter. CWM LLC now owns 276,882 shares of the company’s stock valued at $3,746,000 after purchasing an additional 276,394 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in STUB in the fourth quarter valued at approximately $1,044,000. Garner Asset Management Corp acquired a new stake in shares of STUB in the fourth quarter valued at approximately $92,000. International Assets Investment Management LLC purchased a new position in shares of STUB during the fourth quarter worth approximately $149,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of STUB in the 4th quarter valued at $1,015,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on STUB shares. Weiss Ratings restated a “sell (e+)” rating on shares of STUB in a research note on Thursday, June 4th. Morgan Stanley increased their price objective 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. HSBC raised shares of STUB to a “buy” rating in a research report on Tuesday, May 19th. Citigroup started coverage on STUB in a report on Tuesday, May 19th. They issued a “buy” rating on the stock. Finally, Oppenheimer decreased their price target on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, STUB presently has an average rating of “Hold” and an average price target of $11.50.

Read Our Latest Research Report on STUB

STUB Company Profile

(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.

Featured Articles