Nayaab Islam Sells 85,973 Shares of STUB (NYSE:STUB) Stock

Key Points

• Nayaab Islam sold 85,973 STUB shares at an average price of $6.86, generating $589,774.78; the sale reduced the insider’s holdings by 1.04% to 8.15 million shares.
• Islam has made several additional STUB sales recently, including 219,736 shares on August 25, while STUB shares fell 0.4% to $6.55 and remained well below their 12-month high of $27.89.
• Analysts have a consensus “Hold” rating and an average price target of $10.83, despite mixed actions including rating downgrades and target-price reductions.

STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 85,973 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $6.86, for a total transaction of $589,774.78. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this link.

Nayaab Islam also recently made the following trade(s):

• 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 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 value 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 stock was sold at an average price of $11.37, for a total value of $190,106.40.

STUB Trading Down 0.4%

NYSE:STUB traded down $0.03 on Thursday, reaching $6.55. The company's stock had a trading volume of 5,813,191 shares, compared to its average volume of 5,438,262. STUB has a 12-month low of $5.74 and a 12-month high of $27.89. The stock has a 50 day moving average price of $9.71 and a 200 day moving average price of $8.84. The firm has a market cap of $2.50 billion and a price-to-earnings ratio of -1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86.

Analysts Set New Price Targets

Several analysts recently issued reports on STUB shares. Wall Street Zen lowered shares of STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Guggenheim lowered their target price on shares of STUB from $12.50 to $11.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. BMO Capital Markets cut shares of STUB from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 19th. Craig Hallum downgraded shares of STUB from a "hold" rating to a "hold" rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. boosted their price target 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. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, STUB currently has an average rating of "Hold" and a consensus target price of $10.83.

Hedge Funds Weigh In On STUB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of STUB by 194.4% in the first 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 in the last quarter. Ardmore Road Asset Management LP grew its stake in STUB by 25.0% during the 4th quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company's stock worth $338,000 after purchasing an additional 5,000 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in STUB during the 1st quarter worth $34,000. Cornerstone Wealth Management LLC increased its holdings in STUB by 20.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company's stock worth $493,000 after purchasing an additional 6,070 shares during the period. Finally, Garner Asset Management Corp purchased a new stake in STUB during the 4th quarter worth about $92,000.

STUB Company Profile

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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