Venu (VENU) to Release Earnings on Tuesday

Venu (NYSEAMERICAN:VENU) is projected to post 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 posted its quarterly earnings data on Friday, November 14th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. The company had revenue of $5.38 million during the quarter, compared to analysts’ expectations of $7.43 million. Venu had a negative return on equity of 26.71% and a negative net margin of 238.68%.

Venu Trading Down 4.0%

NYSEAMERICAN:VENU opened at $5.50 on Tuesday. Venu has a 12-month low of $5.02 and a 12-month high of $18.17. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $8.30 and its 200-day simple moving average is $11.30. The firm has a market cap of $235.68 million, a P/E ratio of -4.55 and a beta of 3.34.

Insiders Place Their Bets

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

Institutional Trading of Venu

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Venu during the 2nd quarter worth approximately $33,000. Bank of America Corp DE acquired a new stake in Venu during the 3rd quarter valued at $77,000. Prelude Capital Management LLC purchased a new position in Venu during the third quarter worth $444,000. Geode Capital Management LLC raised its holdings in shares of Venu by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 328,970 shares of the company’s stock worth $2,771,000 after acquiring an additional 14,523 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Venu in the third quarter valued at $8,878,000.

Analyst Ratings Changes

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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.