Venus Concept Inc. (NASDAQ:VERO) Major Shareholder Michael Willingham Masters Sells 94,553 Shares

Venus Concept Inc. (NASDAQ:VERO) major shareholder Michael Willingham Masters sold 94,553 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $0.53, for a total transaction of $50,113.09. Following the completion of the transaction, the insider now owns 17,059 shares of the company’s stock, valued at $9,041.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $0.64, for a total transaction of $45,675.52.

Venus Concept Trading Down 10.3 %

NASDAQ VERO traded down $0.06 on Wednesday, hitting $0.51. 280,173 shares of the stock were exchanged, compared to its average volume of 1,024,942. The company’s 50-day moving average price is $0.61 and its two-hundred day moving average price is $0.67. The company has a debt-to-equity ratio of 9.72, a current ratio of 1.99 and a quick ratio of 1.30. Venus Concept Inc. has a 52-week low of $0.42 and a 52-week high of $2.43. The company has a market capitalization of $3.24 million, a price-to-earnings ratio of -0.08 and a beta of 0.51.

Venus Concept (NASDAQ:VERO) last issued its earnings results on Tuesday, August 13th. The company reported ($1.39) EPS for the quarter. The firm had revenue of $16.58 million during the quarter. Research analysts predict that Venus Concept Inc. will post -6.37 EPS for the current year.

Hedge Funds Weigh In On Venus Concept

A hedge fund recently raised its stake in Venus Concept stock. Masters Capital Management LLC lifted its stake in Venus Concept Inc. (NASDAQ:VERO) by 100.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 87.41% of the company’s stock.

Venus Concept Company Profile

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.