Key Points
- Insider sale: Nayaab Islam sold 54,801 STUB shares on July 6 at an average price of $13.03, totaling about $714,057. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Recent insider activity: Islam has been actively trimming holdings, including several additional sales in late June and early July. After the latest transaction, the insider still owned 8.45 million shares.
- Company snapshot: STUB shares recently traded at $13.67, above their 50-day average of $9.98, while the company’s latest quarter showed EPS of $0.06 versus expectations for a loss and revenue growth of 12.2% year over year.
STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 2,099 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $13.00, for a total transaction of $27,287.00. Following the completion of the sale, the insider owned 8,509,565 shares in the company, valued at $110,624,345. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, 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 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 shares were sold at an average price of $11.37, for a total value of $190,106.40.
STUB Stock Up 1.3%
Shares of STUB stock opened at $13.86 on Tuesday. The company's 50-day moving average price is $9.98. The company has a market capitalization of $5.21 billion and a PE ratio of -23.12. STUB has a fifty-two week low of $5.74 and a fifty-two week high of $27.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.10.
STUB (NYSE:STUB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.06 EPS 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 company's revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that STUB will post 0.56 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in STUB. WestCap Management LLC purchased a new position in shares of STUB in the fourth quarter worth approximately $429,370,000. PointState Capital LP lifted 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 valued at $335,860,000 after acquiring an additional 4,117,332 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of STUB in the 4th quarter valued at approximately $106,887,000. Index Venture Associates III Ltd acquired a new position in STUB in the 4th quarter worth approximately $85,192,000. Finally, Capital International Investors acquired a new position in STUB in the 4th quarter worth approximately $55,235,000.
Trending Headlines about STUB
Here are the key news stories impacting STUB this week:
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Guggenheim reissued a "buy" rating on shares of STUB in a research note on Friday, June 12th. Wall Street Zen cut STUB from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. BMO Capital Markets downgraded STUB from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 19th. UBS Group assumed coverage on STUB in a research report on Tuesday, May 19th. They set a "neutral" rating for the company. Finally, HSBC upgraded STUB to a "buy" rating in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, STUB presently has a consensus rating of "Hold" and a consensus target price of $11.50.
Read Our Latest Stock 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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