Luxor Capital Group LP recently announced the acquisition of new stake in Waitr Holdings Inc. (NASDAQ:WTRH). The institutional investor has increased its shareholding in the Technology company by 1,103.69% to 10.17 million shares with purchase of 9.33 million shares. This fresh investment now brings its stake to 11.19% valued currently at $54.33 million. In addition, BlackRock Fund Advisors raised its holdings by 0.67 million to 4.26 million shares. And The Vanguard Group, Inc. has lifted its position by 30.01% or 0.82 million shares – to 3.54 million shares.
With over 2.19 million Waitr Holdings Inc. (WTRH) shares trading Friday and a closing price of $4.14 on the day, the dollar volume was approximately $9.05 million. The shares have shown a negative weekly performance of -13.75% and its price on 08/28/20 lost nearly -0.96%. Currently, there are 95.05M common shares owned by the public and among those 88.45M shares have been available to trade.
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 WTRH have a consensus price objective of $5.95. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $3.80 should the stock experience a downside. Incidentally, analysts’ outlook for the Waitr Holdings Inc. stock is 2.20 for the next 12 months. The average price target is 30.42% above its last price level and an upside to the estimated low will see the stock lose -8.95% over that period. But an upside of 48.25% will see the stock hit the forecast high price target while mean target price for the stock is $6.00.
Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 117,914 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 334,542 shares.
The top 3 mutual fund holders in Waitr Holdings Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Fidelity Strategic Advisers Small. Vanguard Total Stock Market Index owns 2.14 million shares of the company’s stock, all valued at over $11.41 million. iShares Russell 2000 ETF sold 71162.0 shares to see its total holdings shrink to 1.52 million shares valued at over $8.14 million and representing 1.68% of the shares outstanding. Fidelity Strategic Advisers Small bought 1.23 million shares to bring its total holdings to over 1.23 million shares at a value of $6.57 million. Fidelity Strategic Advisers Small now owns shares totaling to 1.35% of the shares outstanding.
Shares of Waitr Holdings Inc. (NASDAQ: WTRH) opened at $4.25, up $0.07 from a prior closing price of $4.18. However, the script later closed the day at $4.14, down -0.96%. The company’s stock has a 5-day price change of -13.75% and 76.92% over the past three months. WTRH shares are trading 1185.71% year to date (YTD), with the 12-month market performance up to 133.90% higher. It has a 12-month low price of $0.21 and touched a high of $5.85 over the same period. Currently, 2.19 million shares have been traded, compared to an average intraday trading volume of 5.34 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 -13.62%, 1.41%, and 135.75% respectively.
Institutional ownership of Waitr Holdings Inc. (NASDAQ: WTRH) shares accounts for 44.20% of the company’s 95.05M shares outstanding. Mutual fund holders own 19.05%, while other institutional holders and individual stakeholders account for 40.15% and 12.74% respectively.
It has a market capitalization of $460.12M and a beta (3y monthly) value of -2.63. The earnings-per-share (ttm) stands at -$3.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.06% over the week and 9.62% over the month.
Analysts forecast that Waitr Holdings Inc. (WTRH) will achieve an EPS of $0.05 for the current quarter, $0.05 for the next quarter and $0.2 for 2021. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was -$2.89 a year ago. Earnings per share for the fiscal year are expected to decrease by -84.60%, and 3.05% 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 Waitr Holdings Inc. (WTRH) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WTRH, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on July 22, 2020, with the firm’s price target at $8. Deutsche Bank coverage for the Waitr Holdings Inc. (WTRH) stock in a research note released on July 09, 2020 offered a Hold rating with a price target of. Craig Hallum was of a view on April 17, 2020 that the stock is Buy, while Craig Hallum gave the stock Hold rating on October 23, 2019, issuing a price target of $5- $1. RBC Capital Mkts on their part issued Sector Perform rating on October 18, 2019.