Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report)'s stock price dropped 5.1% during trading on Monday . The stock traded as low as $12.84 and last traded at $13.49. Approximately 48,653 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 43,186 shares. The stock had previously closed at $14.21.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on VENU. Northland Securities assumed coverage on shares of Venu in a report on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price objective for the company. Northland Capmk raised Venu to a "strong-buy" rating in a report on Wednesday, June 11th.
Get Our Latest Report on Venu
Venu Stock Performance
The company has a current ratio of 2.72, a quick ratio of 2.70 and a debt-to-equity ratio of 0.39. The company's 50-day moving average is $9.50 and its 200-day moving average is $9.50.
Insiders Place Their Bets
In related news, CEO Jay W. Roth sold 5,129 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $13.44, for a total value of $68,933.76. Following the completion of the sale, the chief executive officer now owns 1,017,536 shares in the company, valued at $13,675,683.84. This represents a 0.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 50,371 shares of company stock valued at $667,375.
Institutional Trading of Venu
A number of hedge funds have recently modified their holdings of VENU. Wealth Enhancement Advisory Services LLC bought a new position in Venu during the first quarter worth about $92,000. Cypress Capital Management LLC WY bought a new stake in shares of Venu during the 1st quarter worth approximately $104,000. North Capital Inc. acquired a new stake in shares of Venu during the 1st quarter worth approximately $112,000. Exchange Traded Concepts LLC bought a new position in Venu in the first quarter valued at approximately $171,000. Finally, Bleichroeder LP acquired a new position in Venu during the fourth quarter valued at approximately $183,000.
About Venu
(
Get Free Report)
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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