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

STUB (NYSE:STUB) insider Nayaab Islam sold 110,409 shares of STUB stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $6.66, for a total transaction of $735,323.94. Following the completion of the transaction, the insider directly owned 8,035,846 shares in the company, valued at approximately $53,518,734.36. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, September 4th, Nayaab Islam sold 24,554 shares of STUB stock. The stock was 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 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 value 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 value 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 value 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.
• 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 Trading Up 1.2%

STUB opened at $6.61 on Friday. The company’s 50 day moving average is $8.98 and its 200-day moving average is $8.69. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. 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 company has a market cap of $2.53 billion and a P/E ratio of -1.15.

Analysts Set New Price Targets

STUB has been the subject of several analyst reports. Oppenheimer dropped their price target on shares of STUB from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, August 13th. Bank of America reiterated an “underperform” rating and set a $7.50 price objective (down from $11.00) on shares of STUB in a research report on Thursday, August 13th. Wall Street Zen lowered shares of STUB from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Guggenheim cut their price target on shares of STUB from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, HSBC upgraded STUB to a “buy” rating in a 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.83.

Hedge Funds Weigh In On STUB

Several institutional investors have recently bought and sold shares of STUB. Stephens Group LLC boosted its holdings in STUB by 193.2% in the 2nd quarter. Stephens Group LLC now owns 1,022,413 shares of the company’s stock worth $13,158,000 after buying an additional 673,715 shares during the period. Morling Financial Advisors LLC purchased a new position in shares of STUB in the first quarter valued at $868,000. Bank of America Corp DE boosted its position in shares of STUB by 396.1% in the first quarter. Bank of America Corp DE now owns 572,790 shares of the company’s stock valued at $3,574,000 after acquiring an additional 457,321 shares during the period. Pine Ridge Advisers LLC bought a new position in STUB in the 1st quarter valued at $4,117,000. Finally, Thrive Capital Management LLC purchased a new position in shares of STUB during the 3rd quarter valued at $1,158,000.

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.