Key Points
- Director Thomas Finke purchased 50,000 Venu shares at an average price of $1.52, investing $76,000 and increasing his ownership by 15.17% to 379,605 shares.
- Venu shares opened at $1.32, near their 12-month low of $1.31 and well below the 12-month high of $13.96. The company has a $74.2 million market capitalization and negative profitability metrics.
- Venu’s latest quarterly results showed a $0.30 loss per share, slightly worse than analyst expectations, while revenue matched estimates at $4.8 million. Several institutional investors also initiated positions during the second quarter.
Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) Director Thomas Finke bought 50,000 shares of the firm's stock in a transaction on Tuesday, September 29th. The shares were purchased at an average cost of $1.52 per share, with a total value of $76,000.00. Following the completion of the transaction, the director owned 379,605 shares in the company, valued at $576,999.60. This represents a 15.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Venu Stock Performance
Shares of Venu stock opened at $1.32 on Friday. The firm has a market cap of $74.20 million, a P/E ratio of -1.42 and a beta of 3.29. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.41. Venu Holding Corporation has a 12 month low of $1.31 and a 12 month high of $13.96. The stock's fifty day moving average price is $1.87 and its 200-day moving average price is $2.81.
Venu (NYSEAMERICAN:VENU - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.01). The business had revenue of $4.80 million during the quarter, compared to analysts' expectations of $4.80 million. Venu had a negative return on equity of 21.05% and a negative net margin of 248.60%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in VENU. AXQ Capital LP purchased a new stake in shares of Venu during the 2nd quarter worth $56,000. Nantahala Capital Management LLC purchased a new position in Venu in the second quarter valued at about $3,456,886. Bank of America Corp DE purchased a new position in Venu in the second quarter valued at about $118,000. Cable Car Capital LP bought a new position in Venu in the second quarter worth about $227,000. Finally, CFO4Life Group LLC bought a new position in Venu in the second quarter worth about $45,000.
Venu Company Profile
(
Get Free Report)
Venu Holding Corporation is a live entertainment and venue development company focused on creating, owning and operating premium music and entertainment destinations. The company develops open-air concert venues and related hospitality facilities designed to host concerts, festivals and other large-scale events.
Venu's activities include venue development, concert promotion, event production and hospitality services. Its properties are intended to combine live performances with amenities such as premium seating, food and beverage offerings, lodging, camping and other on-site experiences.
The company's operations are focused on the United States.
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