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

Key Points

• Nayaab Islam sold 110,409 STUB shares at an average price of $6.66, generating $735,323.94. The transaction reduced the insider’s ownership by 1.36%, leaving 8,035,846 shares valued at approximately $53.5 million.
• STUB shares rose $0.08 to $6.61, but remain near their 52-week low of $5.74 and well below the 52-week high of $27.89. The company has a $2.53 billion market capitalization and a negative price-to-earnings ratio.
• Analyst sentiment is mixed, with five Buy, seven Hold, and two Sell ratings; the consensus rating is Hold with an average price target of $10.83.

STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 110,409 shares of the firm's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.66, for a total value of $735,323.94. Following the transaction, the insider owned 8,035,846 shares in the company, valued at $53,518,734.36. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 shares were 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 stock was 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 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 Stock Performance

Shares of STUB stock traded up $0.08 on Friday, reaching $6.61. 6,018,997 shares of the company were exchanged, compared to its average volume of 5,472,047. The firm has a market cap of $2.53 billion and a price-to-earnings 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 quick ratio of 1.04 and a current ratio of 1.04. The company's 50-day moving average is $9.09 and its two-hundred day moving average is $8.70.

Institutional Trading of STUB

A number of hedge funds and other institutional investors have recently made changes to their positions in STUB. Pittenger & Anderson Inc. bought a new position in shares of STUB in the first quarter valued at approximately $34,000. Royal Bank of Canada raised its holdings in STUB by 194.4% during the first quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after purchasing an additional 4,214 shares in the last quarter. Garner Asset Management Corp bought a new stake in STUB during the fourth quarter worth approximately $92,000. The Manufacturers Life Insurance Company acquired a new position in shares of STUB during the 4th quarter valued at $143,000. Finally, International Assets Investment Management LLC acquired a new stake in STUB in the 4th quarter valued at about $149,000.

Analysts Set New Price Targets

A number of research firms have issued reports on STUB. UBS Group set a $7.50 target price on STUB in a research note on Thursday, August 13th. Guggenheim dropped their price objective 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. Wall Street Zen downgraded shares of STUB from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. boosted their target price on shares of STUB from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Finally, Craig Hallum cut shares of STUB from a "hold" rating to a "hold" rating in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, STUB has an average rating of "Hold" and a consensus 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.

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