Insider Selling: STUB (NYSE:STUB) Insider Sells $16,900.00 in Stock

STUB (NYSE:STUBGet Free Report) insider Nayaab Islam sold 1,300 shares of STUB stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $13.00, for a total transaction of $16,900.00. Following the completion of the transaction, the insider directly owned 8,537,064 shares in the company, valued at approximately $110,981,832. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • 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 transaction of $330,962.00.
  • 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 Stock Up 0.2%

Shares of STUB opened at $12.88 on Friday. The business’s 50 day simple moving average is $9.84. 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 company has a market cap of $4.84 billion and a PE ratio of -21.47. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

STUB (NYSE:STUBGet Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $446.05 million during the quarter. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On STUB

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position 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 acquiring an additional 4,214 shares during the period. Ardmore Road Asset Management LP raised its position in shares of STUB by 25.0% in the fourth 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 in the last quarter. Pittenger & Anderson Inc. acquired a new stake in STUB during the first quarter worth approximately $34,000. Cornerstone Wealth Management LLC raised its holdings in STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company’s stock valued at $493,000 after acquiring an additional 6,070 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new stake in shares of STUB during the 4th quarter worth $92,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group initiated coverage on STUB in a research note on Tuesday, May 19th. They set a “neutral” rating on the stock. BMO Capital Markets downgraded shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. Morgan Stanley raised their target price on shares of STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.50.

Get Our Latest Analysis 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.

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

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