Key Points
- Insider Nayaab Islam sold 85,973 STUB shares at an average price of $6.86, generating approximately $589,775. After the transaction, Islam still directly owned 8.15 million shares.
- Islam has made several additional STUB sales in recent months, including 219,736 shares sold on August 25 at $6.78; the latest sales continue a pattern of insider selling.
- STUB opened at $6.55, near its 12-month low of $5.74 and well below its 12-month high of $27.89. Analysts have a consensus “Hold” rating and an average price target of $10.83.
STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 85,973 shares of STUB stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $6.86, for a total value of $589,774.78. Following the sale, the insider directly owned 8,146,255 shares of the company's stock, valued at $55,883,309.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Nayaab Islam also recently made the following trade(s):
- On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The shares were 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 shares were sold at an average price of $14.01, for a total transaction of $39,228.00.
- 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 transaction of $714,057.03.
- On Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The stock was sold at an average price of $13.00, for a total transaction of $27,287.00.
- On Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The shares were sold at an average price of $13.03, for a total transaction 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 transaction of $302,214.00.
- On Monday, June 15th, Nayaab Islam sold 16,720 shares of STUB stock. The stock was sold at an average price of $11.37, for a total transaction of $190,106.40.
STUB Stock Down 0.4%
Shares of STUB opened at $6.55 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The firm's 50 day moving average is $9.61 and its 200-day moving average is $8.82. The stock has a market capitalization of $2.50 billion and a PE ratio of -1.14.
Institutional Trading of STUB
Institutional investors and hedge funds have recently made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new stake in shares of STUB during the 1st quarter worth approximately $34,000. Royal Bank of Canada raised its position in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock valued at $39,000 after purchasing an additional 4,214 shares in the last quarter. Lido Advisors LLC acquired a new position in STUB during the first quarter valued at approximately $69,000. Garner Asset Management Corp acquired a new position in STUB during the fourth quarter valued at approximately $92,000. Finally, The Manufacturers Life Insurance Company bought a new stake in STUB during the fourth quarter worth $143,000.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Sanford C. Bernstein upgraded STUB to an "outperform" rating in a research note on Tuesday, May 19th. Oppenheimer cut their target price on STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Thursday, August 13th. Mizuho set a $11.00 target price on STUB in a report on Friday, August 14th. Evercore set a $14.00 price target on STUB in a research report on Thursday, August 13th. Finally, BMO Capital Markets downgraded STUB from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, STUB currently has a consensus rating of "Hold" and a consensus target price of $10.83.
Read Our Latest Report on STUB
About STUB
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
