STUB (NYSE:STUB – Get Free Report) insider Nayaab Islam sold 25,080 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $12.05, for a total transaction of $302,214.00. Following the completion of the sale, the insider directly owned 8,538,364 shares of the company’s stock, valued at approximately $102,887,286.20. This trade represents a 0.29% decrease in their position. The transaction 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 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
STUB opened at $12.36 on Friday. The firm has a market capitalization of $4.64 billion and a PE ratio of -20.60. STUB has a one year low of $5.74 and a one year high of $27.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $9.26.
Institutional Investors Weigh In On STUB
Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock worth $39,000 after purchasing an additional 4,214 shares in the last quarter. Ardmore Road Asset Management LP grew its position in shares of STUB by 25.0% in the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after buying an additional 5,000 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in STUB during the 1st quarter worth $34,000. Cornerstone Wealth Management LLC raised its stake in STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock worth $493,000 after acquiring an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp purchased a new stake in STUB in the fourth quarter valued at $92,000.
Analysts Set New Price Targets
STUB has been the subject of several research reports. Morgan Stanley lifted their target price on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Guggenheim reiterated a “buy” rating on shares of STUB in a report on Friday, June 12th. BMO Capital Markets lowered STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Citigroup began coverage on STUB in a research report on Tuesday, May 19th. They issued a “buy” rating for the company. Finally, UBS Group started coverage on shares of STUB in a research note on Tuesday, May 19th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.
View Our Latest Stock Report on STUB
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.
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