Insider Selling: STUB (NYSE:STUB) Insider Sells $302,214.00 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 25,080 shares of the company’s stock in a transaction 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 $102,887,286.20. This trade represents a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 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 Down 0.3%

Shares of NYSE:STUB opened at $12.36 on Monday. The stock has a market cap of $4.64 billion and a PE ratio of -20.60. The stock has a fifty day simple moving average of $9.26. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.10 and a current ratio of 1.10.

STUB (NYSE:STUB) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. Sell-side analysts anticipate that STUB will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STUB. Wedbush restated a “neutral” rating and set a $10.00 target price (down from $18.00) on shares of STUB in a report on Thursday, March 5th. Guggenheim reaffirmed a “buy” rating on shares of STUB in a research note on Friday, June 12th. HSBC upgraded STUB to a “buy” rating in a research report on Tuesday, May 19th. Oppenheimer dropped their price objective on STUB from $20.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen cut shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Institutional Trading of STUB

Several large investors have recently modified their holdings of the business. WestCap Management LLC bought a new position in STUB during the 4th quarter valued at approximately $429,370,000. PointState Capital LP grew its position in shares of STUB by 19.9% in 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 last quarter. Capital Research Global Investors bought a new stake in shares of STUB in the 4th quarter worth approximately $106,887,000. Index Venture Associates III Ltd purchased a new position in shares of STUB during the fourth quarter valued at approximately $85,192,000. Finally, Capital International Investors purchased a new position in shares of STUB during the fourth quarter valued at approximately $55,235,000.

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.