Nayaab Islam Sells 110,409 Shares of STUB (NYSE:STUB) Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 110,409 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.66, for a total transaction of $735,323.94. Following the transaction, the insider owned 8,035,846 shares in the company, valued at approximately $53,518,734.36. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 4th, Nayaab Islam sold 24,554 shares of STUB stock. The shares were sold at an average price of $6.69, for a total transaction of $164,266.26.
• On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The stock was sold at an average price of $6.86, for a total transaction of $589,774.78.
• On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The stock was sold at an average price of $6.78, for a total transaction of $1,489,810.08.
• On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The stock was sold at an average price of $14.01, for a total value of $39,228.00.
• On Monday, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The shares were sold at an average price of $13.03, for a total value of $714,057.03.
• On Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The shares were sold at an average price of $13.00, for a total value of $27,287.00.
• 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 stock was sold at an average price of $13.00, for a total value 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 value 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 value of $190,106.40.

STUB Trading Up 1.2%

Shares of STUB stock opened at $6.61 on Friday. The firm has a market cap of $2.53 billion and a PE ratio of -1.15. STUB has a 1 year low of $5.74 and a 1 year high of $27.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a fifty day moving average price of $8.98 and a 200-day moving average price of $8.69.

Institutional Investors Weigh In On STUB

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WestCap Management LLC purchased a new position in STUB in the 4th quarter worth approximately $429,370,000. PointState Capital LP lifted its holdings 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 acquiring an additional 4,117,332 shares during the last quarter. Capital Research Global Investors purchased a new position in STUB in the fourth quarter worth $106,887,000. Index Venture Associates III Ltd bought a new position in STUB in the fourth quarter valued at $85,192,000. Finally, Capital International Investors bought a new position in STUB in the fourth quarter valued at $55,235,000.

Key Headlines Impacting STUB

Here are the key news stories impacting STUB this week:

• Positive Sentiment: Analysts maintain a consensus “Hold” rating and an average price target of $10.83, considerably above recent levels. Five analysts rate STUB a Buy, while seven recommend Hold and two recommend Sell. TD Cowen maintains a Buy rating despite reducing its target to $12, and Evercore has set a $14 target. STUB analyst ratings and price targets
• Neutral Sentiment: Several institutional investors recently increased their holdings, including Royal Bank of Canada, Ardmore Road Asset Management and Cornerstone Wealth Management. However, the reported position changes are relatively small and do not necessarily indicate a broad-based institutional buying trend. STUB institutional trading report
• Neutral Sentiment: A FormPros announcement regarding instant pay-stub generation does not appear related to StubHub Holdings’ online ticket marketplace and is unlikely to affect STUB’s valuation or operations. FormPros announcement
• Negative Sentiment: Insiders sold a combined 300,503 STUB shares in transactions dated September 2–4 for approximately $1.95 million. Nayaab Islam sold 134,963 shares but still owns more than 8 million shares, while Mark Streams sold 165,540 shares, reducing his position by nearly 10%. Continued insider selling may weigh on investor sentiment and suggests limited near-term insider conviction. STUB insider sales report

Analyst Ratings Changes

STUB has been the topic of several research reports. Mizuho set a $11.00 price target on shares of STUB in a research report on Friday, August 14th. BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 19th. Guggenheim lowered their target price on shares of STUB from $12.50 to $11.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Sanford C. Bernstein upgraded STUB to an “outperform” rating in a research report on Tuesday, May 19th. Finally, Craig Hallum cut STUB from a “hold” rating to a “hold” rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.83.

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.