Insider Selling: Venus Concept Inc. (NASDAQ:VERO) Major Shareholder Sells $50,113.09 in Stock

Venus Concept Inc. (NASDAQ:VERO) major shareholder Michael Willingham Masters sold 94,553 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $0.53, for a total value of $50,113.09. Following the completion of the sale, the insider now owns 17,059 shares in the company, valued at approximately $9,041.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Michael Willingham Masters also recently made the following trade(s):

• On Monday, September 30th, Michael Willingham Masters sold 71,368 shares of Venus Concept stock. The stock was sold at an average price of $0.64, for a total value of $45,675.52.

Venus Concept Trading Down 10.2 %

Shares of Venus Concept stock opened at $0.45 on Friday. The stock has a market capitalization of $2.85 million, a P/E ratio of -0.07 and a beta of 0.51. Venus Concept Inc. has a 52-week low of $0.42 and a 52-week high of $2.43. The company has a debt-to-equity ratio of 9.72, a quick ratio of 1.30 and a current ratio of 1.99. The stock’s 50-day simple moving average is $0.61 and its 200 day simple moving average is $0.66.

Venus Concept (NASDAQ:VERO) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($1.39) earnings per share (EPS) for the quarter. The firm had revenue of $16.58 million for the quarter. As a group, research analysts anticipate that Venus Concept Inc. will post -6.37 EPS for the current year.

Institutional Investors Weigh In On Venus Concept

An institutional investor recently raised its position in Venus Concept stock. Masters Capital Management LLC lifted its stake in shares of Venus Concept Inc. (NASDAQ:VERO) by 100.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 666,702 shares of the company’s stock after purchasing an additional 333,366 shares during the quarter. Masters Capital Management LLC owned 10.49% of Venus Concept worth $522,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 87.41% of the company’s stock.

About Venus Concept

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 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; Venus Versa Pro; and Venus Viva and Venus Viva MD, an advanced, portable, and fractional RF system for dermatological procedures requiring ablation and resurfacing of the skin.