Insider Selling: Eisenberger Mario, Veru Inc. [VERU] Director divested 100,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veru Inc. shares valued at $2,003,550 were sold by Eisenberger Mario on Aug 15. At $20.04 per share, Eisenberger Mario sold 100,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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As published in their initiating research note from Jefferies on April 13, 2021, Veru Inc. [VERU] has been a Buy and the price target has been revised to $19. This represents a 43.68% premium over Wednesday’s closing price. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of January 21, 2020, H.C. Wainwright has reiterated its “Buy” rating for VERU. Earlier on March 20, 2019, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for VERU stock.

Analyzing VERU’s Price Performance

On Wednesday, Veru Inc. [NASDAQ: VERU] plunged -9.81% to $10.70. The stock’s lowest price that day was $10.32, but it reached a high of $11.79 in the same session. During the last five days, there has been a drop of approximately -32.12%. Over the course of the year, Veru Inc. shares have jumped approximately 81.75%. Shares of the company reached a 52-week high of $24.55 on 08/17/22 and a 52-week low of $4.34 on 04/08/22. A 50-day SMA is recorded $15.07, while a 200-day SMA reached $10.10. Nevertheless, trading volume fell to 7.61 million shares from 6.07 million shares the previous day.

Support And Resistance Levels for Veru Inc. (VERU)

According to the 24-hour chart, there is a support level at 10.09, which, if violated, would cause prices to drop to 9.47. In the upper region, resistance lies at 11.56. The next price resistance is at 12.41. RSI (Relative Strength Index) is 36.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.54, which suggests the price will decrease in the coming days. Percent R is at 93.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Veru Inc. subject to short interest?

Stocks of Veru Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 4.16 million shares to 24.08 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 19.92 million shares. A jump of 17.28% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.65.

Which companies own the most shares of Veru Inc. (VERU)?

According to RA Capital Management LP filings, the company currently owns 7,900,000 shares, which is about 9.86% of the total VERU shares outstanding. With the completion of the buy transaction, Goldman Sachs & Co. LLC’s stake is now worth $73,536,115. A total of -861,998 shares of Veru Inc. were bought by Perceptive Advisors LLC during the quarter, and -24,633 were sold by The Vanguard Group, Inc. In its current portfolio, RTW Investments LP holds 2,220,983 shares valued at $33.98 million.

In terms of Veru Inc. share price expectations, FactSet research, analysts set an average price target of $35.20 in the next 12 months, up nearly 161.16% from the previous closing price of $11.87. Analysts anticipate Veru Inc. stock to reach $55.00 by 2022, with the lowest price target being $24.00. In spite of this, 5 analysts ranked Veru Inc. stock as a Buy at the end of 2022.


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