Venus Concept Inc. (NASDAQ: VERO) is 71.97% higher on its value in year-to-date trading and has touched a low of $1.60 and a high of $9.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VERO stock was last observed hovering at around $3.33 in the last trading session, with the day’s loss setting it -0.36% off its average median price target of $6.00 for the next 12 months. It is also 62.87% off the consensus price target high of $8.00 offered by 5 analysts, but current levels are -18.8% lower than the price target low of $2.50 for the same period.
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Currently trading at $2.97, the stock is 20.86% and 34.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing -10.66% at the moment leaves the stock 10.09% off its SMA200. VERO registered -63.63% loss for a year compared to 6-month loss of 11.42%. The firm has a 50-day simple moving average (SMA 50) of $2.2979 and a 200-day simple moving average (SMA200) of $2.3682.
The stock witnessed a 28.23% gain in the last 1 month and extending the period to 3 months gives it a 36.47%, and is 4.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.13% over the week and 11.54% over the month.
Venus Concept Inc. (VERO) has around 525 employees, a market worth around $133.19M and $151.00M in sales. Profit margin for the company is -57.40%. Distance from 52-week low is 85.94% and -66.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.20%).
Venus Concept Inc. (VERO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Venus Concept Inc. (VERO) is a “Buy”. 5 analysts offering their recommendations for the stock have an average rating of 1.60, where 1 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Venus Concept Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at -$0.19 with sales reaching $25.42M over the same period.The EPS is expected to grow by 62.90% this year, but quarterly earnings will post -29.70% year-over-year. Quarterly sales are estimated to shrink -20.20% in year-over-year returns.
Venus Concept Inc. (VERO) Top Institutional Holders
60 institutions hold shares in Venus Concept Inc. (VERO), with 1.65M shares held by insiders accounting for 4.01% while institutional investors hold 60.89% of the company’s shares. The shares outstanding are 40.47M, and float is at 21.09M with Short Float at 2.10%. Institutions hold 58.45% of the Float.
The top institutional shareholder in the company is Essex Woodlands Management Inc. with over 12.42 million shares valued at $28.81 million. The investor’s holdings represent 23.19% of the VERO Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 0.91 million shares valued at $1.58 million to account for 1.70% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 0.69 million shares representing 1.30% and valued at over $1.61 million, while Interwest Venture Management Co. holds 1.23% of the shares totaling 0.66 million with a market value of $1.14 million.
Venus Concept Inc. (VERO) Insider Activity
A total of 3 insider transactions have happened at Venus Concept Inc. (VERO) in the last six months, with sales accounting for 0 and purchases happening 3 times. The most recent transaction is an insider purchase by Zaring Chad A, the company’s Chief Commercial Officer. SEC filings show that Zaring Chad A bought 18,950 shares of the company’s common stock on Aug 24 at a price of $2.74 per share for a total of $51923.0. Following the purchase, the insider now owns 40000.0 shares.
Venus Concept Inc. disclosed in a document filed with the SEC on Aug 21 that Zaring Chad A (Chief Commercial Officer) bought a total of 21,050 shares of the company’s common stock. The trade occurred on Aug 21 and was made at $2.71 per share for $57046.0. Following the transaction, the insider now directly holds 21050.0 shares of the VERO stock.