VERITY Wealth Advisors Invests $33,000 in Vintage Wine Estates, Inc. (NASDAQ:VWE)

VERITY Wealth Advisors acquired a new position in shares of Vintage Wine Estates, Inc. (NASDAQ:VWE – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Vintage Wine Estates during the 3rd quarter worth about $26,000. SG Americas Securities LLC boosted its holdings in shares of Vintage Wine Estates by 100.0% during the 3rd quarter. SG Americas Securities LLC now owns 21,485 shares of the company’s stock worth $60,000 after buying an additional 10,743 shares during the period. Petrus Trust Company LTA bought a new stake in shares of Vintage Wine Estates during the 3rd quarter worth about $75,000. PDT Partners LLC boosted its holdings in shares of Vintage Wine Estates by 88.5% during the 3rd quarter. PDT Partners LLC now owns 28,014 shares of the company’s stock worth $78,000 after buying an additional 13,155 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Vintage Wine Estates during the 2nd quarter worth about $82,000. 41.25% of the stock is currently owned by institutional investors and hedge funds.

Vintage Wine Estates Trading Down 2.6 %

NASDAQ VWE opened at $1.12 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 0.52. Vintage Wine Estates, Inc. has a 12-month low of $1.05 and a 12-month high of $11.15. The firm has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.94.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Canaccord Genuity Group downgraded shares of Vintage Wine Estates from a “hold” rating to a “sell” rating and reduced their target price for the stock from $2.00 to $1.00 in a report on Thursday, February 9th. Telsey Advisory Group downgraded shares of Vintage Wine Estates from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $3.50 to $1.50 in a report on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.92.

About Vintage Wine Estates

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Vintage Wine Estates, Inc produces and sells wines and craft spirits in the United States, Canada, and internationally. The company offers its products under the Layer Cake, Cameron Hughes, Clos Pegase, B.R. Cohn, Firesteed, Bar Dog, Kunde, Cherry Pie, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.