STUB (NYSE:STUB) Insider Nayaab Islam Sells 2,099 Shares of Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 2,099 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $13.00, for a total value of $27,287.00. Following the completion of the sale, the insider owned 8,509,565 shares of the company’s stock, valued at approximately $110,624,345. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The stock was sold at an average price of $13.03, for a total value of $714,057.03.
• On Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The stock was sold at an average price of $13.03, for a total value of $330,962.00.
• 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 shares were 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 shares were sold at an average price of $11.37, for a total transaction of $190,106.40.

STUB Stock Up 1.3%

Shares of NYSE STUB opened at $13.86 on Tuesday. The company has a current ratio of 1.10, a quick 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. The company’s 50 day simple moving average is $9.98. The firm has a market cap of $5.21 billion and a price-to-earnings ratio of -23.12.

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

More STUB News

Here are the key news stories impacting STUB this week:

• Negative Sentiment: Insider Nayaab Islam sold 54,801 shares of STUB, worth about $714,057, under a pre-arranged 10b5-1 trading plan. While routine, the size of the sale may still pressure sentiment. STUB insider sells 54,801 shares of stock
• Negative Sentiment: Additional insider sales were reported by Nayaab Islam and Mark Streams, adding to the impression that multiple insiders are trimming positions rather than buying. Insider Selling: STUB Insider Sells 2,099 Shares
• Negative Sentiment: StubHub Holdings Inc. is also being probed in Texas over alleged “ghost ticketing” charges, which raises a potential legal and reputational overhang for StubHub Holdings Inc. (NYSE:STUB). StubHub under investigation in Texas over ghost ticketing charges

Hedge Funds Weigh In On STUB

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on STUB shares. UBS Group started coverage on STUB in a research report on Tuesday, May 19th. They set a “neutral” rating on the stock. Wall Street Zen downgraded shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Craig Hallum cut shares of STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Sanford C. Bernstein upgraded shares of STUB to an “outperform” rating in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.50.

STUB Company Profile

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.