Joseph Stough Purchases 45,000 Shares of Waitr Holdings Inc (NASDAQ:WTRH) Stock
Waitr Holdings Inc (NASDAQ:WTRH) President Joseph Stough bought 45,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average cost of $1.47 per share, with a total value of $66,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Joseph Stough also recently made the following trade(s):
- On Friday, August 16th, Joseph Stough bought 20,000 shares of Waitr stock. The stock was purchased at an average cost of $1.47 per share, with a total value of $29,400.00.
- On Friday, May 24th, Joseph Stough bought 20,000 shares of Waitr stock. The stock was purchased at an average cost of $7.47 per share, with a total value of $149,400.00.
WTRH stock traded down $0.03 during midday trading on Tuesday, reaching $1.41. 77,034 shares of the company were exchanged, compared to its average volume of 2,067,141. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50-day moving average price of $4.50 and a two-hundred day moving average price of $8.55. Waitr Holdings Inc has a one year low of $1.31 and a one year high of $15.06. The firm has a market capitalization of $111.19 million and a price-to-earnings ratio of -0.64.
WTRH has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and issued a $5.00 target price (down from $20.00) on shares of Waitr in a research note on Friday, August 9th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Waitr from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research note on Saturday, August 3rd. Piper Jaffray Companies cut shares of Waitr from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $11.00 to $4.00 in a research note on Friday, August 9th. Deutsche Bank initiated coverage on shares of Waitr in a research report on Friday, June 7th. They set a “buy” rating and a $5.68 price objective for the company. Finally, Benchmark reduced their price objective on shares of Waitr from $18.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $7.31.
Waitr Company Profile
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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