Key Points
- STUB insider Nayaab Islam sold 14,306 shares at an average price of $6.20, generating $88,697.20. Islam retained 7,996,986 shares, so the transaction reduced the holding by 0.18%.
- The sale follows a series of insider disposals in recent months, including larger sales totaling hundreds of thousands of shares in late August and early September.
- STUB shares were trading near $5.31, close to their 12-month low of $5.28. Analysts have a consensus “Hold” rating and an average price target of $10.33, though several firms recently lowered their targets.
STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 14,306 shares of the company's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $6.20, for a total value of $88,697.20. Following the completion of the transaction, the insider owned 7,996,986 shares of the company's stock, valued at $49,581,313.20. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $164,266.26.
- On Thursday, September 3rd, Nayaab Islam sold 110,409 shares of STUB stock. The stock was sold at an average price of $6.66, for a total value of $735,323.94.
- 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 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 stock was 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 shares were 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 stock was 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.
STUB Trading Down 7.5%
NYSE:STUB opened at $5.31 on Thursday. STUB has a 12 month low of $5.28 and a 12 month high of $21.49. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average is $7.38 and its 200 day moving average is $8.37. The stock has a market capitalization of $2.03 billion and a PE ratio of -0.92.
Hedge Funds Weigh In On STUB
A number of large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of STUB during the 2nd quarter valued at $7,953,000. WINTON GROUP Ltd grew its holdings in STUB by 194.6% during the 2nd quarter. WINTON GROUP Ltd now owns 43,600 shares of the company's stock valued at $561,000 after buying an additional 28,800 shares in the last quarter. Rose Capital Advisors LLC purchased a new position in STUB during the 2nd quarter valued at about $183,000. Comprehensive Financial Management LLC increased its position in shares of STUB by 13.6% during the second quarter. Comprehensive Financial Management LLC now owns 390,543 shares of the company's stock valued at $5,026,000 after buying an additional 46,808 shares during the period. Finally, Stephens Group LLC increased its position in shares of STUB by 193.2% during the second quarter. Stephens Group LLC now owns 1,022,413 shares of the company's stock valued at $13,158,000 after buying an additional 673,715 shares during the period.
Analysts Set New Price Targets
A number of brokerages have recently commented on STUB. Citigroup raised STUB from a "neutral" rating to a "buy" rating and dropped their price target for the company from $9.00 to $7.00 in a research report on Friday, September 18th. Bank of America reissued an "underperform" rating and issued a $7.50 price objective (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Evercore set a $14.00 price objective on STUB in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Guggenheim cut their target price on shares of STUB from $12.50 to $11.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.33.
Check Out Our Latest Analysis on STUB
About STUB
(
Get Free Report)
StubHub Holdings, Inc operates a global online marketplace for buying and selling tickets to live events. Its platform connects fans with tickets for sporting events, concerts, theater productions and other entertainment experiences, while providing tools for ticket discovery, purchasing, listing and resale.
The company serves customers through its website and mobile applications under the StubHub brand, offering inventory from professional sellers, event partners and individual ticket holders.
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