Perceptive Advisors LLC recently announced the acquisition of new stake in Veru Inc. (NASDAQ:VERU). The institutional investor has increased its shareholding in the Healthcare company by 101.85% to 7.86 million shares with purchase of 3.97 million shares. This fresh investment now brings its stake to 9.74% valued currently at $9.98 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 0.98 million to 6.89 million shares. And BlackRock Fund Advisors has lifted its position by 0.91% or 37397.0 shares – to 4.14 million shares.
With over 1.66 million Veru Inc. (VERU) shares trading Tuesday and a closing price of $1.08 on the day, the dollar volume was approximately $1.79 million. The shares have shown a negative half year performance of -82.00% and its price on 05/23/23 lost nearly -2.70%. Currently, there are 80.83M common shares owned by the public and among those 61.13M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for VERU have a consensus price objective of $4.25. The analysts have set the share’s price value over the next 12 months at a high of $9.00 and a low of $1.00. The average price target is 74.59% above its recent price level and a downside to the estimated low will see the stock lose -8.0% over that period. But an upside of 88.0% will see the stock hit the forecast high price target while median target price for the stock is $3.50.
Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 100,000 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 100,000 shares.
The top 3 mutual fund holders in Veru Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Consumer Staples Index F. Vanguard Total Stock Market ETF owns 1.92 million shares of the company’s stock, all valued at over $2.44 million. iShares Russell 2000 ETF sold 20960.0 shares to see its total holdings shrink to 1.43 million shares valued at over $1.82 million and representing 1.78% of the shares outstanding. Vanguard Consumer Staples Index F sold 4414.0 shares to bring its total holdings to over 0.81 million shares at a value of $1.03 million. Vanguard Consumer Staples Index F now owns shares totaling to 1.00% of the shares outstanding.
However, the script later moved the day high at 1.1300, down -2.70%. The company’s stock has a 5-day price change of 0.00% and -75.89% over the past three months. VERU shares are trading -79.55% year to date (YTD), with the 12-month market performance down to -92.44% lower. It has a 12-month low price of $0.93 and touched a high of $24.55 over the same period. VERU has an average intraday trading volume of 2.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.24%, -16.36%, and -84.64% respectively.
Institutional ownership of Veru Inc. (NASDAQ: VERU) shares accounts for 49.10% of the company’s 80.83M shares outstanding. Mutual fund holders own 21.79%, while other institutional holders and individual stakeholders account for 32.77% and 11.79% respectively.
It has a market capitalization of $95.49M and a beta (3y monthly) value of -0.20. The earnings-per-share (ttm) stands at -$1.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.27% over the week and 9.01% over the month.
Analysts forecast that Veru Inc. (VERU) will achieve an EPS of -$0.28 for the current quarter, -$0.25 for the next quarter and -$0.88 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.36 while analysts give the company a high EPS estimate of -$0.18. Comparatively, EPS for the current quarter was -$0.28 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.40%, and 36.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Veru Inc. (VERU) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 1 rated it as a “Sell.”
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