Venu (VENU) to Release Earnings on Tuesday

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

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

Venu Stock Down 4.0%

VENU stock opened at $5.50 on Tuesday. Venu has a one year low of $5.02 and a one year high of $18.17. The stock has a market capitalization of $235.68 million, a P/E ratio of -4.55 and a beta of 3.34. The company has a 50 day moving average price of $8.30 and a two-hundred day moving average price of $11.30. 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, Director Thomas M. Finke bought 4,361 shares of Venu stock in a transaction that occurred on Tuesday, December 30th. The shares were purchased at an average price 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 of the company’s stock, valued at $233,695.80. The trade was a 17.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jay W. Roth purchased 5,000 shares of the stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of $5.55 per share, with a total value of $27,750.00. Following the transaction, the chief executive officer owned 9,249,644 shares of the company’s stock, valued at $51,335,524.20. This trade represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 10,246 shares of company stock worth $68,979 over the last ninety days. Corporate insiders own 34.20% of the company’s stock.

Institutional Trading of Venu

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in Venu in the third quarter valued at approximately $8,878,000. Vanguard Group Inc. increased its position in shares of Venu by 56.9% in the third quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock worth $17,318,000 after acquiring an additional 489,999 shares in the last quarter. Prelude Capital Management LLC purchased a new position in shares of Venu in the 3rd quarter valued at $444,000. Geode Capital Management LLC lifted 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 valued at $2,771,000 after acquiring an additional 14,523 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Venu during the 3rd quarter worth $77,000.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Venu to a “hold” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.