Virtu Financial LLC purchased a new position in shares of Waitr Holdings Inc (NASDAQ:WTRH) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,486 shares of the company’s stock, valued at approximately $153,000.
Other hedge funds have also recently bought and sold shares of the company. Monashee Investment Management LLC purchased a new position in shares of Waitr during the 4th quarter valued at about $279,000. GWM Advisors LLC purchased a new position in Waitr in the 4th quarter worth approximately $292,000. Skylands Capital LLC purchased a new position in Waitr in the 4th quarter worth approximately $384,000. Redmond Asset Management LLC purchased a new position in Waitr in the 4th quarter worth approximately $568,000. Finally, Intrinsic Edge Capital Management LLC purchased a new position in Waitr in the 4th quarter worth approximately $892,000. Institutional investors own 35.13% of the company’s stock.
Shares of WTRH stock traded up $0.33 during trading hours on Wednesday, reaching $7.18. The company’s stock had a trading volume of 1,194,648 shares, compared to its average volume of 539,156. The firm has a market cap of $489.86 million and a P/E ratio of -3.29. Waitr Holdings Inc has a one year low of $6.75 and a one year high of $15.06.
Waitr (NASDAQ:WTRH) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.07). The firm had revenue of $48.03 million during the quarter, compared to analysts’ expectations of $47.15 million. On average, research analysts forecast that Waitr Holdings Inc will post -1.18 EPS for the current fiscal year.
In other news, CEO Christopher Meaux purchased 135,135 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of $7.40 per share, for a total transaction of $999,999.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Scheinthal purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $6.80 per share, for a total transaction of $68,000.00. The disclosure for this purchase can be found here. 23.90% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. Zacks Investment Research cut Waitr from a “hold” rating to a “sell” rating in a research note on Friday, May 17th. Jefferies Financial Group assumed coverage on Waitr in a research note on Thursday, March 14th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Waitr in a research note on Wednesday, March 6th.
Waitr Holdings Inc provides online food ordering and delivery services in the Southeastern United States. Its Waitr Platform and Bite Squad Platform facilitates ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers. As of December 31, 2018, the company had approximately 8,500 restaurant partners in 250 cities.
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