Insider Selling: Venus Concept Inc. (NASDAQ:VERO) Major Shareholder Sells 71,368 Shares of Stock

Venus Concept Inc. (NASDAQ:VERO) major shareholder Michael Willingham Masters sold 71,368 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $0.64, for a total transaction of $45,675.52. Following the sale, the insider now directly owns 22,383 shares of the company’s stock, valued at approximately $14,325.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, October 2nd, Michael Willingham Masters sold 94,553 shares of Venus Concept stock. The stock was sold at an average price of $0.53, for a total transaction of $50,113.09.

Venus Concept Trading Down 2.0 %

VERO opened at $0.50 on Friday. Venus Concept Inc. has a twelve month low of $0.42 and a twelve month high of $2.43. The company has a 50-day simple moving average of $0.61 and a 200 day simple moving average of $0.66. The company has a quick ratio of 1.30, a current ratio of 1.99 and a debt-to-equity ratio of 9.72. The stock has a market capitalization of $3.18 million, a price-to-earnings ratio of -0.07 and a beta of 0.51.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Venus Concept stock. Masters Capital Management LLC raised its stake in Venus Concept Inc. (NASDAQ:VERO) by 100.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 666,702 shares of the company’s stock after acquiring an additional 333,366 shares during the quarter. Masters Capital Management LLC owned approximately 10.49% of Venus Concept worth $522,000 as of its most recent SEC filing. 87.41% of the stock is currently owned by institutional investors and hedge funds.

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.