STUB (NYSE:STUB) Insider Nayaab Islam Sells 14,306 Shares of Stock

Key Points

• STUB insider Nayaab Islam sold 14,306 shares at an average price of $6.20, generating $88,697.20. Islam still owns approximately 7.997 million shares, but has made several additional sales in recent months.
• STUB shares fell 7.5% to $5.31, near the company’s 52-week low of $5.28. The stock’s market capitalization is approximately $2.03 billion, with a negative price-to-earnings ratio of -0.92.
• Analyst sentiment is mixed, with six Buy, six Hold and two Sell ratings; the overall consensus is Hold, with an average price target of $10.33.

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 stock was sold at an average price of $6.20, for a total transaction of $88,697.20. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 value 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 value 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 value 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 value 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 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.

STUB Trading Down 7.5%

Shares of STUB traded down $0.43 during mid-day trading on Wednesday, reaching $5.31. 8,605,691 shares of the company were exchanged, compared to its average volume of 5,584,522. The business has a 50 day simple moving average of $7.46 and a two-hundred day simple moving average of $8.40. 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 stock has a market capitalization of $2.03 billion and a PE ratio of -0.92. STUB has a 52 week low of $5.28 and a 52 week high of $21.49.

Hedge Funds Weigh In On STUB

Institutional investors have recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. bought a new position in shares of STUB during the 1st quarter worth approximately $34,000. Royal Bank of Canada grew its stake in shares of STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock valued at $39,000 after buying an additional 4,214 shares during the period. Lido Advisors LLC bought a new position in STUB in the first quarter worth approximately $69,000. OMERS ADMINISTRATION Corp bought a new position in STUB in the first quarter worth approximately $164,000. Finally, Rose Capital Advisors LLC acquired a new stake in STUB in the second quarter valued at approximately $183,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STUB. Citigroup upgraded shares of STUB from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $9.00 to $7.00 in a research report on Friday, September 18th. Wall Street Zen cut shares of STUB from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Evercore set a $14.00 target price on shares of STUB in a research note on Thursday, August 13th. TD Cowen dropped their target price on shares of STUB from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, August 21st. Finally, UBS Group set a $7.50 price target on shares of STUB in a research report on Thursday, August 13th. Six 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.33.

STUB Company Profile

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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