After grabbing 7.9 million shares, the institutional investor is now in possession of 7.9 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 9.86% having worth around $96.7 million. Moreover, Goldman Sachs & Co. LLC increased its share by 4.78 million to have a control over 4.81 million shares. And Tang Capital Management LLC raised its holdings to 4.63 million shares by acquiring 4.63 million shares or 5.78% of the stake.
Veru Inc. (VERU) concluded trading on 11/17/22 at a closing price of $5.93, with 3.31 million shares of worth about $19.61 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -60.49% during that period and on Thursday the price saw a loss of about -2.63%. Currently the company’s common shares owned by public are about 80.09M shares, out of which, 61.05M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the VERU stock and their offered price forecasts bring an average price target of $24.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $36.00 and could fall to a lowest price of $10.00. The stock’s current price level is 75.55% above of average price target set by the analysts, while a rise to estimated low would result in gain of 40.7% for the stock. However, touching the estimated high of $36.00 would mean a gain of 83.53% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 100,000 shares in 4 of the transactions. In 1 selling transactions, insiders dumped 100,000 shares.
Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Veru Inc. Vanguard Total Stock Market Index is currently holding 1.92 million shares of worth totaling $23.55 million. The company recently came buying 0.0 shares which brought its stake up to 2.40% of the company’s outstanding shares. iShares Russell 2000 ETF sold 26429.0 shares, after which its hold over company’s outstanding shares shrunk to 1.78%, leaving 1.42 million shares with the mutual fund that have a worth of about $17.44 million. Vanguard Extended Market Index Fu, after selling 0.71 million shares, have now control over 0.89% of the stake in the company. It holds 91604.0 shares of worth $8.74 million.
Veru Inc. (NASDAQ: VERU) started trading at $6.055, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 6.14, or with a loss of -2.63%. Stock saw a price change of -14.92% in past 5 days and over the past one month there was a price change of -50.34%. Year-to-date (YTD), VERU shares are showing a performance of 0.68% which decreased to -34.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.34 but also hit the highest price of $24.55 during that period. The average intraday trading volume for Veru Inc. shares is 6.13 million. The stock is currently trading -44.01% below its 20-day simple moving average (SMA20), while that difference is down -48.63% for SMA50 and it goes to -46.59% lower than SMA200.
RA Capital Management LP acquired 7.9 million shares of Veru Inc. having value of about $96.7 million. Veru Inc. (NASDAQ: VERU) currently have 80.09M outstanding shares and institutions hold larger chunk of about 56.10% of that. Holding of mutual funds in the company is about 21.92% while other institutional holders and individual stake holders have control over 50.14% and 10.46% of the stake respectively.
The stock has a current market capitalization of $502.63M and its 3Y-monthly beta is at -0.21. It has posted earnings per share of -$0.59 in the same period. It has Quick Ratio of 4.30 while making debt-to-equity ratio of 0.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VERU, volatility over the week remained 7.74% while standing at 9.99% over the month.
Analysts are in expectations that Veru Inc. (VERU) stock would likely to be making an EPS of -$0.3 in the current quarter, while forecast for next quarter EPS is -$0.29 and it is -$0.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is -$0.27 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 131.00% while it is estimated to increase by 23.80% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on April 13, 2021 offering a Buy rating for the stock and assigned a target price of $19 to it. Coverage by H.C. Wainwright stated Veru Inc. (VERU) stock as a Buy in their note to investors on February 09, 2021, suggesting a price target of $17 for the stock. On January 21, 2020, H.C. Wainwright Reiterated their recommendations, while on March 20, 2019, Oppenheimer Initiated their ratings for the stock with a price target of $5. Stock get a Buy rating from Maxim Group on July 03, 2018.