Squarepoint Ops LLC Trims Stake in Venus Concept Inc. (NASDAQ:VERO)

Squarepoint Ops LLC cut its stake in shares of Venus Concept Inc. (NASDAQ:VERO) by 68.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,575 shares of the company’s stock after selling 108,106 shares during the quarter. Squarepoint Ops LLC’s holdings in Venus Concept were worth $154,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Occudo Quantitative Strategies LP purchased a new position in shares of Venus Concept during the second quarter worth approximately $51,000. Morgan Stanley boosted its stake in Venus Concept by 1,412.7% in the second quarter. Morgan Stanley now owns 172,973 shares of the company’s stock valued at $537,000 after acquiring an additional 161,538 shares in the last quarter. Tibra Equities Europe Ltd acquired a new stake in shares of Venus Concept during the second quarter worth $255,000. Vanguard Group Inc. lifted its stake in shares of Venus Concept by 3.4% during the second quarter. Vanguard Group Inc. now owns 1,011,657 shares of the company’s stock worth $3,147,000 after buying an additional 32,915 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Venus Concept by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 116,052 shares of the company’s stock worth $361,000 after purchasing an additional 26,629 shares during the period. 41.31% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Venus Concept from a “buy” rating to a “hold” rating in a research report on Tuesday, October 19th. Stifel Nicolaus lowered their price target on Venus Concept from $2.50 to $2.00 and set a “hold” rating on the stock in a research report on Friday, November 12th.

In related news, CEO Domenic Serafino purchased 17,000 shares of the company’s stock in a transaction on Friday, November 19th. The shares were bought at an average cost of $1.48 per share, for a total transaction of $25,160.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 44.07% of the company’s stock.

Shares of Venus Concept stock opened at $1.40 on Thursday. The business’s 50 day moving average price is $2.03 and its 200 day moving average price is $2.24. The company has a debt-to-equity ratio of 2.07, a quick ratio of 2.73 and a current ratio of 3.38. The company has a market cap of $75.83 million, a price-to-earnings ratio of -2.06 and a beta of 2.19. Venus Concept Inc. has a one year low of $1.33 and a one year high of $3.44.

Venus Concept (NASDAQ:VERO) last issued its earnings results on Friday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). Venus Concept had a negative net margin of 32.45% and a negative return on equity of 74.67%. During the same quarter last year, the firm posted ($0.18) earnings per share. On average, analysts predict that Venus Concept Inc. will post -0.44 EPS for the current fiscal year.

About Venus Concept

Venus Concept, Inc develops, commercializes and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies and related practice enhancement services. Its product portfolio consists of aesthetic device platforms which includes venus versa, venus legacy, venus velocity, venus fiore, venus viva, venus freeze plus, and venus bliss.

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Institutional Ownership by Quarter for Venus Concept (NASDAQ:VERO)

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