Jay Roth Purchases 5,000 Shares of Venu (NYSEAMERICAN:VENU) Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay Roth purchased 5,000 shares of Venu stock in a transaction on Friday, January 30th. The shares were acquired 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. The trade was a 0.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Venu Stock Down 5.8%

VENU stock opened at $5.17 on Tuesday. 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 firm’s fifty day simple moving average is $8.72 and its 200-day simple moving average is $11.57. Venu Holding Corporation has a 12 month low of $5.03 and a 12 month high of $18.17. The company has a market capitalization of $221.53 million, a P/E ratio of -4.27 and a beta of 3.34.

Venu (NYSEAMERICAN:VENU) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.06. The company 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%.

Hedge Funds Weigh In On Venu

A number of hedge funds and other institutional investors have recently bought and sold shares of VENU. Apollon Wealth Management LLC purchased a new position in Venu during the 4th quarter worth $88,000. Intergy Private Wealth LLC acquired a new position in shares of Venu during the fourth quarter worth about $592,000. Willis Investment Counsel raised its holdings in Venu by 180.0% during the fourth quarter. Willis Investment Counsel now owns 104,998 shares of the company’s stock worth $884,000 after purchasing an additional 67,498 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Venu in the fourth quarter valued at about $181,000. Finally, Prelude Capital Management LLC purchased a new stake in Venu in the 3rd quarter valued at approximately $444,000.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Venu to a “hold” rating in a research report on Friday, January 16th. One research 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 presently has an average rating of “Buy” and a consensus target price of $15.00.

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.