Venu (NYSEAMERICAN:VENU) Stock Price Down 0.5% - Here's What Happened

Key Points

• Shares fell 0.5% to $4.02 on Thursday with volume down 21% versus average; the stock trades below its 50‑day ($4.14) and well below its 200‑day ($7.84) moving averages and has a market cap of about $172.4M.
• Fundamentals remain weak despite an EPS beat: Venu reported ($0.19) EPS vs. ($0.32) expected, but has a negative P/E, a net margin of -246% and revenue slightly under estimates.
• Analysts show mixed sentiment but an overall "Buy" consensus with an average price target of $15.00, while insiders (including the CEO, who bought 5,000 shares) own 34.2% and several large institutions have recently added to positions.

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) shares fell 0.5% during trading on Thursday . The company traded as low as $3.98 and last traded at $4.02. 263,377 shares traded hands during trading, a decline of 21% from the average session volume of 333,142 shares. The stock had previously closed at $4.04.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Venu to a "hold" rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $15.00.

Venu Price Performance

The company has a market capitalization of $172.42 million, a price-to-earnings ratio of -3.59 and a beta of 3.72. The stock has a fifty day simple moving average of $4.14 and a 200-day simple moving average of $7.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.77 and a quick ratio of 0.76.

Venu (NYSEAMERICAN:VENU - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.13. Venu had a negative return on equity of 25.61% and a negative net margin of 246.19%.The company had revenue of $4.53 million during the quarter, compared to the consensus estimate of $4.58 million.

Insider Transactions at Venu

In related news, CEO Jay W. Roth purchased 5,000 shares of the firm's stock in a transaction on Friday, January 30th. The stock was bought at an average cost of $5.55 per share, with a total value of $27,750.00. Following the completion of the acquisition, the chief executive officer owned 9,249,644 shares of the company's stock, valued at $51,335,524.20. The trade was a 0.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 34.20% of the company's stock.

Hedge Funds Weigh In On Venu

A number of large investors have recently bought and sold shares of VENU. Citadel Advisors LLC acquired a new position in Venu in the 3rd quarter worth about $8,878,000. Vanguard Group Inc. raised its holdings in Venu by 56.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company's stock worth $17,318,000 after purchasing an additional 489,999 shares during the period. First Western Trust Bank raised its holdings in Venu by 62.5% in the 3rd quarter. First Western Trust Bank now owns 650,120 shares of the company's stock worth $8,328,000 after purchasing an additional 250,000 shares during the period. Fort Point Capital Partners LLC raised its holdings in Venu by 248.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 245,103 shares of the company's stock worth $2,145,000 after purchasing an additional 174,684 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in Venu in the 4th quarter worth about $1,188,000.

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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