STUB (NYSE:STUB) Insider Sells $190,106.40 in Stock

STUB (NYSE:STUB) insider Nayaab Islam sold 16,720 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $11.37, for a total value of $190,106.40. Following the transaction, the insider directly owned 8,563,444 shares in the company, valued at $97,366,358.28. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

STUB Stock Up 0.1%

Shares of STUB stock traded up $0.02 during trading on Tuesday, reaching $11.52. 7,721,212 shares of the company’s stock were exchanged, compared to its average volume of 4,606,909. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $4.32 billion and a PE ratio of -19.19. STUB has a twelve month low of $5.74 and a twelve month high of $27.89. The business has a fifty day moving average price of $8.44.

STUB (NYSE:STUB) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.07. The firm had revenue of $446.05 million during the quarter. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that STUB will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Craig Hallum lowered STUB from a “hold” rating to a “hold” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Morgan Stanley upped their price objective on STUB from $8.75 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Sanford C. Bernstein raised STUB to an “outperform” rating in a report on Tuesday, May 19th. Finally, UBS Group assumed coverage on STUB in a report on Tuesday, May 19th. They issued a “neutral” rating on the stock. Five equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.50.

Institutional Trading of STUB

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of STUB by 194.4% during the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company’s stock valued at $39,000 after acquiring an additional 4,214 shares during the period. Ardmore Road Asset Management LP lifted its position in shares of STUB by 25.0% during the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company’s stock valued at $338,000 after acquiring an additional 5,000 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of STUB during the 1st quarter valued at $34,000. Cornerstone Wealth Management LLC lifted its position in shares of STUB by 20.0% during 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 during the period. Finally, Garner Asset Management Corp bought a new stake in shares of STUB during the 4th quarter valued at $92,000.

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.