Ross Portaro Acquires 60,000 Shares of Venus Concept Inc. (NASDAQ:VERO) Stock

Venus Concept Inc. (NASDAQ:VEROGet Rating) insider Ross Portaro acquired 60,000 shares of Venus Concept stock in a transaction dated Monday, November 21st. The stock was purchased at an average price of $0.22 per share, with a total value of $13,200.00. Following the completion of the purchase, the insider now directly owns 120,000 shares of the company’s stock, valued at approximately $26,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Venus Concept Trading Up 60.0 %

Shares of VERO opened at $0.35 on Thursday. The company has a current ratio of 2.74, a quick ratio of 1.92 and a debt-to-equity ratio of 7.75. Venus Concept Inc. has a one year low of $0.15 and a one year high of $2.21. The company’s fifty day moving average price is $0.33 and its 200 day moving average price is $0.48.

Venus Concept (NASDAQ:VEROGet Rating) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.10). Venus Concept had a negative net margin of 35.36% and a negative return on equity of 140.67%. The business had revenue of $21.54 million during the quarter. Equities research analysts anticipate that Venus Concept Inc. will post -0.65 earnings per share for the current year.

Institutional Trading of Venus Concept

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Venus Concept by 2.3% during the first quarter. Vanguard Group Inc. now owns 1,121,558 shares of the company’s stock worth $1,603,000 after buying an additional 25,630 shares during the last quarter. Divisadero Street Capital Management LP increased its position in Venus Concept by 2.5% during the first quarter. Divisadero Street Capital Management LP now owns 1,100,000 shares of the company’s stock worth $1,573,000 after acquiring an additional 27,285 shares during the period. Essex Investment Management Co. LLC raised its stake in Venus Concept by 891.1% during the 2nd quarter. Essex Investment Management Co. LLC now owns 383,838 shares of the company’s stock valued at $178,000 after purchasing an additional 345,108 shares during the last quarter. Prelude Capital Management LLC boosted its holdings in Venus Concept by 73.4% in the 1st quarter. Prelude Capital Management LLC now owns 177,246 shares of the company’s stock valued at $253,000 after purchasing an additional 75,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Venus Concept by 140.2% in the 1st quarter. Bank of New York Mellon Corp now owns 86,578 shares of the company’s stock valued at $124,000 after purchasing an additional 50,530 shares during the period. Institutional investors and hedge funds own 51.05% of the company’s stock.

Venus Concept Company Profile

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Venus Concept Inc, a medical technology company, develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies, and related services in the United States and internationally. Its product portfolio includes aesthetic device platforms, including Venus Legacy, a noninvasive device used in dermatological and general surgical procedures for females; Venus Versa, a multi-application device used in aesthetic and cosmetic procedures; and Venus Viva, an advanced, portable, and fractional RF system for dermatological procedures requiring ablation and resurfacing of the skin.

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Insider Buying and Selling by Quarter for Venus Concept (NASDAQ:VERO)

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