Venu (NYSEAMERICAN:VENU) Shares Gap Down – Should You Sell?

Venu Holding Corporation (NYSEAMERICAN:VENU)’s share price gapped down prior to trading on Friday . The stock had previously closed at $15.91, but opened at $15.50. Venu shares last traded at $15.93, with a volume of 6,767 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Northland Securities started coverage on shares of Venu in a report on Wednesday, June 11th. They issued an “outperform” rating and a $15.00 price objective for the company. Northland Capmk raised shares of Venu to a “strong-buy” rating in a research note on Wednesday, June 11th.

Venu Stock Performance

The firm has a market capitalization of $596.57 million and a P/E ratio of -13.36. The company has a 50-day moving average of $13.00 and a 200-day moving average of $10.38. The company has a current ratio of 2.72, a quick ratio of 2.70 and a debt-to-equity ratio of 0.39.

Insider Activity

In other news, Director David Lavigne sold 2,390 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $11.32, for a total value of $27,054.80. Following the transaction, the director owned 163,474 shares in the company, valued at approximately $1,850,525.68. The trade was a 1.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jay W. Roth sold 3,055 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.20, for a total transaction of $37,271.00. Following the completion of the sale, the chief executive officer directly owned 9,244,644 shares in the company, valued at approximately $112,784,656.80. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,736 shares of company stock valued at $1,613,691.

Institutional Trading of Venu

A number of institutional investors have recently bought and sold shares of VENU. Raymond James Financial Inc. bought a new position in Venu in the second quarter worth approximately $33,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Venu during the first quarter valued at about $92,000. Cypress Capital Management LLC WY bought a new stake in shares of Venu during the first quarter worth about $104,000. North Capital Inc. acquired a new stake in shares of Venu in the 1st quarter worth about $112,000. Finally, Exchange Traded Concepts LLC bought a new position in Venu in the 1st quarter valued at about $171,000.

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.