Venu (NYSEAMERICAN:VENU) Stock Price Up 4.6% - Time to 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)'s stock price was up 4.6% on Tuesday . The company traded as high as $17.00 and last traded at $17.00. Approximately 24,146 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 50,077 shares. The stock had previously closed at $16.25.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VENU shares. Northland Securities started coverage on Venu in a research note on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price target for the company. Northland Capmk upgraded shares of Venu to a "strong-buy" rating in a research note 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus price target of $15.00.

Venu Trading Up 7.1%

The firm has a market cap of $652.85 million and a P/E ratio of -14.62. The company has a quick ratio of 2.70, a current ratio of 2.72 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average is $13.12 and its two-hundred day moving average is $10.43.

Insider Activity

In other news, CEO Jay W. Roth sold 3,055 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $12.20, for a total transaction of $37,271.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Lavigne sold 2,390 shares of the stock in a transaction that occurred 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 represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,736 shares of company stock valued at $1,613,691 in the last ninety days.

Institutional Trading of Venu

Several hedge funds have recently made changes to their positions in VENU. Bleichroeder LP purchased a new stake in Venu in the 4th quarter valued at about $183,000. Focus Partners Wealth purchased a new stake in shares of Venu during the fourth quarter valued at $589,000. OMERS ADMINISTRATION Corp purchased a new stake in Venu in the 4th quarter worth about $244,000. Pallas Capital Advisors LLC acquired a new position in Venu in the 1st quarter worth about $193,000. Finally, Willis Investment Counsel acquired a new position in shares of Venu during the 1st quarter valued at about $299,000.

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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