Venu (NYSEAMERICAN:VENU) Reaches New 1-Year High - Time to Buy?

Key Points

• Venu Holding Corporation's shares reached a new 52-week high of $16.15, closing at $16.04 with a trading volume of 19,751 shares.
• Equities analysts have upgraded Venu to a "strong-buy" rating, with Northland Securities setting a price objective of $15.00.
• Insider trading activity showed that Director David Lavigne and CEO Jay W. Roth sold shares, collectively amounting to over $64,000 in recent transactions.

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $16.15 and last traded at $16.04, with a volume of 19751 shares trading hands. The stock had previously closed at $15.90.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Northland Capmk upgraded shares of Venu to a "strong-buy" rating in a research report on Wednesday, June 11th. Northland Securities assumed coverage on Venu in a research report on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price objective for the company.

Venu Trading Up 1.8%

The firm has a market cap of $607.45 million and a price-to-earnings ratio of -13.61. The company's 50 day simple moving average is $13.00 and its 200 day simple moving average is $10.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.72 and a quick ratio of 2.70.

Insider Buying and Selling at Venu

In other Venu news, Director David Lavigne sold 2,390 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $11.32, for a total value of $27,054.80. Following the transaction, the director directly owned 163,474 shares in the company, valued at $1,850,525.68. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jay W. Roth sold 3,055 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $112,784,656.80. This represents a 0.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,736 shares of company stock valued at $1,613,691.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Venu during the 1st quarter valued at approximately $92,000. Willis Investment Counsel purchased a new position in Venu in the 1st quarter valued at $299,000. Focus Partners Wealth acquired a new position in Venu in the 4th quarter valued at $589,000. Exchange Traded Concepts LLC purchased a new position in Venu during the 1st quarter worth $171,000. Finally, First Western Trust Bank acquired a new stake in shares of Venu in the 1st quarter worth $5,338,000.

Venu Company Profile

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.

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