Venu (NYSEAMERICAN:VENU) Shares Down 7% – What’s Next?

Venu Holding Corporation (NYSEAMERICAN:VENU)’s stock price traded down 7% on Thursday . The stock traded as low as $3.33 and last traded at $3.44. 500,252 shares changed hands during trading, an increase of 51% from the average session volume of 331,049 shares. The stock had previously closed at $3.70.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Venu to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.00.

Venu Price Performance

The company has a fifty day simple moving average of $6.45 and a 200 day simple moving average of $9.71. The stock has a market capitalization of $147.40 million, a price-to-earnings ratio of -2.84 and a beta of 3.27. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 2.02.

Insider Buying and Selling at Venu

In other news, CEO Jay W. Roth bought 5,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was acquired at an average price of $5.55 per share, with a total value of $27,750.00. Following the completion of the purchase, the chief executive officer directly owned 9,249,644 shares of the company’s stock, valued at approximately $51,335,524.20. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas M. Finke purchased 4,361 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were purchased at an average cost of $7.80 per share, for a total transaction of $34,015.80. Following the transaction, the director directly owned 29,961 shares of the company’s stock, valued at approximately $233,695.80. The trade was a 17.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 10,246 shares of company stock valued at $68,979. 34.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Venu

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Venu by 56.9% during the third 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. Citadel Advisors LLC acquired a new position in Venu in the third quarter valued at approximately $8,878,000. First Western Trust Bank boosted its holdings in shares of Venu by 62.5% during the 3rd quarter. First Western Trust Bank now owns 650,120 shares of the company’s stock worth $8,328,000 after buying an additional 250,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Venu by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 328,970 shares of the company’s stock worth $2,771,000 after buying an additional 14,523 shares in the last quarter. Finally, Fort Point Capital Partners LLC grew its position in shares of Venu by 248.1% during the 4th quarter. Fort Point Capital Partners LLC now owns 245,103 shares of the company’s stock worth $2,145,000 after buying an additional 174,684 shares during the period.

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.