STUB (NYSE:STUB) Insider Nayaab Islam Sells 219,736 Shares of Stock

Key Points

• STUB insider Nayaab Islam sold 219,736 shares at an average price of $6.78, generating approximately $1.49 million; the sale reduced the insider’s holdings by 2.6% to 8.23 million shares.
• Islam has made multiple additional sales recently, including 85,973 shares at $6.86 on August 26, while STUB shares traded down 0.4% to $6.55 and remain well below their 12-month high of $27.89.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $10.83; ratings include five Buys, seven Holds, and two Sells.

STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 219,736 shares of STUB stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $6.78, for a total value of $1,489,810.08. Following the transaction, the insider owned 8,232,228 shares in the company, valued at approximately $55,814,505.84. This represents a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The shares were sold at an average price of $6.86, for a total transaction of $589,774.78.
• 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 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 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 transaction 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 transaction of $190,106.40.

STUB Trading Down 0.4%

Shares of NYSE STUB traded down $0.03 during midday trading on Thursday, reaching $6.55. 5,813,191 shares of the stock were exchanged, compared to its average volume of 5,438,262. The company has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $8.84. The stock has a market capitalization of $2.50 billion and a P/E ratio of -1.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. STUB has a twelve month low of $5.74 and a twelve month high of $27.89.

Analysts Set New Price Targets

STUB has been the subject of several recent analyst reports. Craig Hallum cut STUB from a "hold" rating to a "hold" rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. upped their price target on STUB from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. TD Cowen lowered their price target on STUB from $16.00 to $12.00 and set a "buy" rating for the company in a report on Friday, August 21st. UBS Group set a $7.50 price objective on STUB in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein upgraded shares of STUB to an "outperform" rating in a report on Tuesday, May 19th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.83.

Institutional Trading of STUB

Institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. purchased a new stake in STUB in the first quarter valued at approximately $34,000. Royal Bank of Canada grew 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 buying an additional 4,214 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of STUB in the fourth quarter valued at $92,000. The Manufacturers Life Insurance Company purchased a new stake in shares of STUB in the 4th quarter valued at $143,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of STUB in the 4th quarter valued at $149,000.

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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