Venu (NYSEAMERICAN:VENU) Hits New 52-Week High - Time to Buy?

Key Points

• Venu Holding Corporation reached a new 52-week high of $15.49, reflecting increased investor interest, with trading volume of 67,979 shares.
• Equities analysts have upgraded Venu, with Northland Securities issuing a "strong-buy" rating and a price target of $15.00.
• Insider trading activity shows CEO Jay W. Roth and Director David Lavigne selling shares recently, with a combined total of 127,736 shares sold in the last three months.

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.49 and last traded at $15.34, with a volume of 67979 shares. The stock had previously closed at $15.00.

Analyst Upgrades and Downgrades

VENU has been the topic of a number of analyst reports. Northland Capmk raised Venu to a "strong-buy" rating in a report on Wednesday, June 11th. Northland Securities assumed coverage on Venu in a report on Wednesday, June 11th. They issued an "outperform" rating and a $15.00 target price on the stock.

Venu Stock Performance

The company has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $10.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.70 and a current ratio of 2.72.

Insider Transactions at Venu

In related news, CEO Jay W. Roth sold 3,055 shares of the company's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $12.20, for a total transaction of $37,271.00. Following the sale, the chief executive officer owned 9,244,644 shares in the company, valued at approximately $112,784,656.80. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Lavigne sold 2,390 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $11.32, for a total value of $27,054.80. Following the sale, the director owned 163,474 shares in the company, valued at $1,850,525.68. The trade was a 1.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,736 shares of company stock worth $1,613,691.

Institutional Trading of Venu

Several institutional investors and hedge funds have recently bought and sold shares of VENU. First Western Trust Bank acquired a new position in shares of Venu in the first quarter valued at approximately $5,338,000. Gabelli Funds LLC acquired a new position in shares of Venu in the fourth quarter valued at approximately $590,000. Focus Partners Wealth acquired a new stake in Venu during the fourth quarter worth approximately $589,000. Willis Investment Counsel acquired a new stake in Venu during the first quarter worth approximately $299,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Venu during the fourth quarter worth approximately $244,000.

About Venu

Venu Holding Corporation is a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations. Venu Holding Corporation is based in COLORADO SPRINGS, Colo.