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

STUB (NYSE:STUBGet Free Report) insider Nayaab Islam sold 16,720 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the sale, the insider owned 8,563,444 shares in the company, valued at $97,366,358.28. The trade was a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

STUB Stock Up 2.3%

STUB stock opened at $11.66 on Friday. The firm has a 50-day simple moving average of $8.65. The company has a market capitalization of $4.38 billion and a PE ratio of -19.44. 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 12-month low of $5.74 and a 12-month high of $27.89.

STUB (NYSE:STUBGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share 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 firm’s quarterly 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 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on STUB. HSBC upgraded STUB to a “buy” rating in a research report on Tuesday, May 19th. Guggenheim reiterated a “buy” rating on shares of STUB in a research report on Friday, June 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of STUB in a report on Thursday, June 4th. 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, Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.50.

Get Our Latest Research Report on STUB

Institutional Inflows and Outflows

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

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.

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