Venu (NYSEAMERICAN:VENU) Stock Price Up 4.6% - Should You Buy?

Key Points

• The stock price of Venu Holding Corporation (VENU) increased by 4.6% to $17.00, despite a 52% drop in trading volume compared to its average daily volume.
• Analysts have given VENU an average rating of Strong Buy with a consensus price target of $15.00, indicating positive market sentiment towards the stock.
• Insider activity includes significant share sales by CEO Jay W. Roth and Director David Lavigne, collectively amounting to over $64,000 in transactions.

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) shares traded up 4.6% during mid-day trading on Tuesday . The company traded as high as $17.00 and last traded at $17.00. 24,146 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 50,077 shares. The stock had previously closed at $16.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Northland Securities assumed coverage on Venu in a report on Wednesday, June 11th. They issued an "outperform" rating and a $15.00 price target for the company. Northland Capmk raised Venu to a "strong-buy" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Strong Buy" and a consensus target price of $15.00.

Venu Trading Down 0.9%

The company has a quick ratio of 2.70, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $13.68 and a two-hundred day moving average of $10.65. The stock has a market capitalization of $672.73 million and a price-to-earnings ratio of -15.07.

Insider Buying and Selling at Venu

In related news, Director David Lavigne sold 2,390 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $11.32, for a total transaction of $27,054.80. Following the completion of the sale, the director directly owned 163,474 shares of the company's stock, valued at $1,850,525.68. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jay W. Roth sold 3,055 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $12.20, for a total value of $37,271.00. Following the sale, the chief executive officer directly owned 9,244,644 shares of the company's stock, valued at approximately $112,784,656.80. This represents a 0.03% decrease in their ownership of the stock. 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.

Hedge Funds Weigh In On Venu

A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in Venu during the first quarter worth about $92,000. Willis Investment Counsel purchased a new stake in shares of Venu during the 1st quarter worth approximately $299,000. Focus Partners Wealth acquired a new stake in shares of Venu in the 4th quarter worth approximately $589,000. Exchange Traded Concepts LLC purchased a new position in Venu in the 1st quarter valued at approximately $171,000. Finally, First Western Trust Bank acquired a new position in Venu during the first 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.