Venu (VENU) Expected to Announce Earnings on Tuesday

Venu (NYSEAMERICAN:VENU) is expected to be releasing its results before the market opens on Tuesday, February 17th. Analysts expect Venu to post earnings of ($0.24) per share for the quarter.

Venu (NYSEAMERICAN:VENU) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.06. Venu had a negative return on equity of 26.71% and a negative net margin of 238.68%.The business had revenue of $5.38 million during the quarter, compared to the consensus estimate of $7.43 million.

Venu Price Performance

NYSEAMERICAN:VENU opened at $5.35 on Friday. Venu has a one year low of $5.02 and a one year high of $18.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market cap of $229.25 million, a P/E ratio of -4.42 and a beta of 3.32. The firm’s fifty day moving average price is $7.92 and its two-hundred day moving average price is $11.08.

Insider Transactions at Venu

In other news, Director Thomas M. Finke purchased 4,361 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average cost of $7.80 per share, for a total transaction of $34,015.80. Following the completion of the acquisition, the director owned 29,961 shares in the company, valued at $233,695.80. This trade represents a 17.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jay W. Roth acquired 5,000 shares of Venu stock in a transaction on Friday, January 30th. The stock was purchased at an average cost of $5.55 per share, with a total value of $27,750.00. Following the completion of the transaction, the chief executive officer directly owned 9,249,644 shares in the company, valued at $51,335,524.20. This represents a 0.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 10,246 shares of company stock worth $68,979 over the last three months. 34.20% of the stock is owned by insiders.

Institutional Trading of Venu

Several hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Venu in the 3rd quarter worth approximately $8,878,000. Vanguard Group Inc. raised its stake in shares of Venu by 56.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock valued at $17,318,000 after purchasing an additional 489,999 shares during the period. Goldman Sachs Group Inc. purchased a new position in Venu during the 4th quarter valued at about $1,188,000. Marshall Wace LLP bought a new stake in shares of Venu during the fourth quarter valued at about $925,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of Venu in the third quarter worth about $444,000.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Venu to a “hold” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $15.00.

About Venu

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.