Vintage Wine Estates, Inc. (NASDAQ:VWE) Major Shareholder Acquires $51,606.00 in Stock

Posted by Clark Linder on May 26th, 2023

Vintage Wine Estates, Inc. (NASDAQ:VWE – Get Rating) major shareholder Jonathan Sebastiani acquired 42,300 shares of Vintage Wine Estates stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $1.22 per share, with a total value of $51,606.00. Following the completion of the purchase, the insider now owns 59,850 shares of the company’s stock, valued at $73,017. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Jonathan Sebastiani also recently made the following trade(s):

On Tuesday, May 23rd, Jonathan Sebastiani acquired 21,000 shares of Vintage Wine Estates stock. The stock was purchased at an average cost of $1.19 per share, with a total value of $24,990.00.

Vintage Wine Estates Stock Performance

VWE opened at $1.13 on Friday. The stock has a market capitalization of $67.05 million, a price-to-earnings ratio of 2.45 and a beta of 1.41. The company has a fifty day moving average of $1.19 and a 200 day moving average of $2.18. Vintage Wine Estates, Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $9.91.

Hedge Funds Weigh In On Vintage Wine Estates

Institutional investors have recently bought and sold shares of the business. Shaolin Capital Management LLC bought a new position in Vintage Wine Estates during the third quarter valued at $178,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Vintage Wine Estates during the third quarter valued at $26,000. Jump Financial LLC lifted its position in Vintage Wine Estates by 141.3% during the third quarter. Jump Financial LLC now owns 31,800 shares of the company’s stock valued at $88,000 after purchasing an additional 18,620 shares during the last quarter. SG Americas Securities LLC lifted its position in Vintage Wine Estates by 100.0% during the third quarter. SG Americas Securities LLC now owns 21,485 shares of the company’s stock valued at $60,000 after purchasing an additional 10,743 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in Vintage Wine Estates during the first quarter valued at $11,111,000,000. Institutional investors own 41.25% of the company’s stock.

Wall Street Analysts Forecast Growth

VWE has been the subject of several research analyst reports. Canaccord Genuity Group cut shares of Vintage Wine Estates from a “hold” rating to a “sell” rating and cut their target price for the company from $2.00 to $1.00 in a research note on Thursday, February 9th. Telsey Advisory Group reaffirmed an “underperform” rating and set a $1.50 target price on shares of Vintage Wine Estates in a research note on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.92.

Vintage Wine Estates Company Profile

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Vintage Wine Estates, Inc produces and sells wines and craft spirits in the United States, Canada, and internationally. The company offers its products under the Layer Cake, Cameron Hughes, Clos Pegase, B.R. Cohn, Firesteed, Bar Dog, Kunde, Cherry Pie, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.