The Vanguard Group, Inc. has recently announced that it has increased stake in Veru Inc (NASDAQ:VERU) by 0.28%. After grabbing 3.52 million shares, the institutional investor is now in possession of 9854.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.90% having worth around $3.36 million. Moreover, Perceptive Advisors LLC increased its share by 1.0 million to have a control over 1.09 million shares. And Geode Capital Management LLC raised its holdings to 56755.0 shares by acquiring 0.6 million shares or 0.67% of the stake.
Veru Inc (VERU) concluded trading on 12/28/23 at a closing price of $0.76, with 2.46 million shares of worth about $1.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.72% during that period and on Thursday the price saw a gain of about 7.35%. Currently the company’s common shares owned by public are about 139.51M shares, out of which, 107.52M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the VERU stock and their offered price forecasts bring an average price target of $4.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $2.00. The stock’s current price level is 83.11% above of average price target set by the analysts, while a rise to estimated low would result in gain of 62.0% for the stock. However, touching the estimated high of $7.00 would mean a gain of 89.14% 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 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market ETF, Vanguard Consumer Staples Index F, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Veru Inc Vanguard Total Stock Market ETF is currently holding 1.92 million shares of worth totaling $1.84 million. The company recently came buying 0.0 shares which brought its stake up to 2.13% of the company’s outstanding shares. Vanguard Consumer Staples Index F bought 88135.0 shares, after which its hold over company’s outstanding shares expand to 0.91%, leaving 0.82 million shares with the mutual fund that have a worth of about $0.78 million. Vanguard Extended Market Index Fu, after buying 0.75 million shares, have now control over 0.83% of the stake in the company. It holds 4970.0 shares of worth $0.72 million.
However, the stock later moved at a day high price of 0.7629, or with a gain of 7.35%. Stock saw a price change of 12.60% in past 5 days and over the past one month there was a price change of -19.90%. Year-to-date (YTD), VERU shares are showing a performance of -85.63% which decreased to -84.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.64 but also hit the highest price of $6.57 during that period. The average intraday trading volume for Veru Inc shares is 1.15 million. The stock is currently trading -11.80% below its 20-day simple moving average (SMA20), while that difference is down -16.64% for SMA50 and it goes to -29.97% lower than SMA200.
The Vanguard Group, Inc. acquired 3.52 million shares of Veru Inc having value of about $3.36 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 9854.0 shares in the company valued at close to $7489.04, or have control over 0.28% stake in the company. Veru Inc (NASDAQ: VERU) currently have 139.51M outstanding shares and institutions hold larger chunk of about 19.15% of that. Holding of mutual funds in the company is about 4.80% while other institutional holders and individual stake holders have control over 9.59% and 19.47% of the stake respectively.
The stock has a current market capitalization of $105.82M and its 3Y-monthly beta is at -0.25. It has posted earnings per share of -$1.13 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.81. 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 8.55% while standing at 9.66% over the month.
Analysts are in expectations that Veru Inc (VERU) stock would likely to be making an EPS of -$0.19 in the current quarter, while forecast for next quarter EPS is -$0.16 and it is -$0.39 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.23 which is -$0.15 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 -$0.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.43% while it is estimated to increase by 44.60% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Veru Inc (VERU)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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 June 07, 2023 offering a Hold rating for the stock and assigned a target price of $1 to it.
