Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Acquires 6,872 Shares

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt purchased 6,872 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $2.84 per share, with a total value of $19,516.48. Following the completion of the acquisition, the insider owned 28,004 shares of the company’s stock, valued at $79,531.36. This trade represents a 32.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The shares were sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Wednesday, June 17th, Financial Lp Hrt bought 2,621 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt acquired 234,583 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $0.29 per share, for a total transaction of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.00, for a total transaction of $14,160.00.
• On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The shares were sold at an average price of $4.30, for a total value of $2,390.80.
• On Wednesday, June 3rd, Financial Lp Hrt acquired 12,444 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $4.30 per share, for a total transaction of $53,509.20.

Vision Marine Technologies Stock Performance

Shares of Vision Marine Technologies stock traded up $0.05 on Tuesday, reaching $2.72. The stock had a trading volume of 84,736 shares, compared to its average volume of 64,419. The stock has a market cap of $27,200.00, a P/E ratio of -0.01 and a beta of 0.07. Vision Marine Technologies Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $3,180.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. The business’s 50-day moving average price is $8.56 and its two-hundred day moving average price is $47.94.

Vision Marine Technologies (NASDAQ:VMAR) last announced its earnings results on Tuesday, April 14th. The company reported ($23.20) earnings per share for the quarter, beating the consensus estimate of ($653.39) by $630.19. The firm had revenue of $14.53 million during the quarter, compared to the consensus estimate of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VMAR. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded shares of Vision Marine Technologies to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Vision Marine Technologies

A hedge fund recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises approximately 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th largest position. Sabby Management LLC owned 19.03% of Vision Marine Technologies at the end of the most recent quarter. 53.79% of the stock is owned by institutional investors.

Vision Marine Technologies Company Profile

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.