Checking in on Vintage Wine Estates Inc. (VWE) after recent insiders movement

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Vintage Wine Estates Inc.’s recent filing unveils that its Member of 10% owner group Sebastiani Jonathan acquired Company’s shares for reported $7642.0 on Jun 01. In the deal valued at $1.13 per share,6,757 shares were bought. As a result of this transaction, Sebastiani Jonathan now holds 123,650 shares worth roughly $ 0.1 million.

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Then, Sebastiani Jonathan bought 18,243 shares, generating $20,231 in total proceeds. Upon buying the shares at $1.11, the Member of 10% owner group now owns 116,893 shares.

Before that, Sebastiani Jonathan bought 17,800 shares. Vintage Wine Estates Inc. shares valued at $20,612 were divested by the Member of 10% owner group at a price of $1.16 per share. As a result of the transaction, Sebastiani Jonathan now holds 98,650 shares, worth roughly $80893.0.

Telsey Advisory Group downgraded its Vintage Wine Estates Inc. [VWE] rating to an Underperform from a a Market perform in a research note published on Friday, February 09, 2023; the price target was decreased to $1.50 from $3.50. PT values the company’s stock at a premium of 45.33 to its Friday closing price.

Price Performance Review of VWE

On Friday, Vintage Wine Estates Inc. [NASDAQ:VWE] saw its stock fall -1.20% to $0.82. On the same session, the stock had its day’s lowest price of $0.807, but rose to a high of $0.8424. Over the last five days, the stock has lost -1.09%. Vintage Wine Estates Inc. shares have fallen nearly -74.85% since the year began. Nevertheless, the stocks have fallen -86.13% over the past one year. While a 52-week high of $5.98 was reached on 01/17/23, a 52-week low of $0.81 was recorded on 07/06/23. SMA at 50 days reached $0.9027, while 200 days put it at $1.7400. A total of 88901.0 shares were traded, compared to the trading of 28600.0 shares in the previous session.

Levels Of Support And Resistance For VWE Stock

The 24-hour chart illustrates a support level at 0.8039, which if violated will result in even more drops to 0.7877. On the upside, there is a resistance level at 0.8393. A further resistance level may holdings at 0.8585. The Relative Strength Index (RSI) on the 14-day chart is 36.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0062, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.45%. Stochastics %K at 12.32% indicates the stock is a buying.

How much short interest is there in Vintage Wine Estates Inc.?

A steep rise in short interest was recorded in Vintage Wine Estates Inc. stocks on Aug 14, 2023, growing by 16940.0 shares to a total of 0.48 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.47 million shares. There was a rise of 3.49%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.76.

Vintage Wine Estates Inc. [VWE] – Who Are The Largest Shareholders?

In filings from Wasatch Advisors, Inc., it is revealed that the company now owns 7,456,225 shares, or roughly 12.57% of the outstanding VWE shares. In other words, the investor’s shares have fallen by -3,511,011 from its previous 13-F filing of 10967236.0. Additionally, Paradice Investment Management LL decreased -4.26% of its stake after which the total value it holdings stand at $3,925,998, while The Vanguard Group, Inc. added 0.43% of its stake to hold $2.19 million in the firm. Over the last quarter, GSA Capital Partners LLP purchased 527,663 shares of Vintage Wine Estates Inc., while Alberta Investment Management Cor bought 0 shares. At present, ArrowMark Colorado Holdings LLC is holding 566,077 shares valued at $0.56 million. Bridgeway Capital Management LLC owned 496,300 shares of the company at the time of its most recent 13F filing, worth $0.49 million.

According to FactSet, Vintage Wine Estates Inc.’s share price will average $2.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 140.96 percent from its previous closing price of $0.83. Analysts expect Vintage Wine Estates Inc. stock to reach the higher price of $2.00, while the lowest price estimate is $2.00.


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