Venu (NYSEAMERICAN:VENU) Stock Price Down 6.5% - What's Next?

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report)'s share price was down 6.5% on Thursday. The stock traded as low as $1.23 and last traded at $1.29. Approximately 533,867 shares changed hands during trading, an increase of 27% from the average session volume of 420,629 shares. The stock had previously closed at $1.38.

Venu Stock Performance

The stock has a market cap of $72.51 million, a price-to-earnings ratio of -1.39 and a beta of 3.28. The stock's fifty day moving average is $1.61 and its 200-day moving average is $2.59. The company has a quick ratio of 0.24, a current ratio of 0.25 and a debt-to-equity ratio of 0.41.

Venu (NYSEAMERICAN:VENU - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.01). The firm had revenue of $4.80 million during the quarter, compared to the consensus estimate of $4.80 million. Venu had a negative net margin of 248.60% and a negative return on equity of 21.05%.

Insider Activity at Venu

In other Venu news, Director Thomas M. Finke acquired 50,000 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of $1.52 per share, for a total transaction of $76,000.00. Following the acquisition, the director directly owned 379,605 shares of the company's stock, valued at approximately $576,999.60. This trade represents a 15.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 113,027 shares of company stock worth $197,976 over the last quarter. Company insiders own 27.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VENU. BlackRock Inc. acquired a new stake in shares of Venu during the second quarter worth $6,570,000. Nantahala Capital Management LLC bought a new stake in Venu in the 2nd quarter valued at $3,456,886. Anson Funds Management LP bought a new stake in Venu in the 1st quarter valued at $18,233,000. Empery Asset Management LP bought a new stake in Venu in the 2nd quarter valued at $1,164,097. Finally, Pallas Capital Advisors LLC acquired a new position in Venu in the 2nd quarter worth $65,000.

About Venu

Venu Holding Corporation, through its Notes Live operating platform, is a live entertainment and hospitality company focused on developing and operating premium outdoor music venues in the United States. The company combines concert programming with venue-based hospitality to create destination entertainment experiences.

Venu's activities include venue development, concert promotion, event operations, ticketing, and food and beverage services. Its venues are designed to host touring artists and other live events while offering reserved seating, premium viewing areas, VIP experiences, and related hospitality amenities.

The company's portfolio includes the Ford Amphitheater in Colorado Springs, Colorado, and additional venue projects planned for selected U.S.

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