Insider Selling: Waitr Holdings Inc. (NASDAQ:WTRH) Director Sells 131,558 Shares of Stock

Waitr Holdings Inc. (NASDAQ:WTRHGet Rating) Director Jonathan Green sold 131,558 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $0.16, for a total value of $21,049.28. Following the sale, the director now owns 930,338 shares in the company, valued at $148,854.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, June 6th, Jonathan Green sold 101,687 shares of Waitr stock. The shares were sold at an average price of $0.17, for a total value of $17,286.79.
  • On Thursday, June 2nd, Jonathan Green sold 170,889 shares of Waitr stock. The shares were sold at an average price of $0.18, for a total value of $30,760.02.
  • On Tuesday, May 31st, Jonathan Green sold 255,891 shares of Waitr stock. The shares were sold at an average price of $0.19, for a total value of $48,619.29.
  • On Friday, May 27th, Jonathan Green sold 130,009 shares of Waitr stock. The shares were sold at an average price of $0.20, for a total value of $26,001.80.
  • On Monday, May 23rd, Jonathan Green sold 47,888 shares of Waitr stock. The shares were sold at an average price of $0.20, for a total value of $9,577.60.
  • On Friday, May 20th, Jonathan Green sold 24,837 shares of Waitr stock. The shares were sold at an average price of $0.21, for a total value of $5,215.77.
  • On Tuesday, May 17th, Jonathan Green sold 8,828 shares of Waitr stock. The shares were sold at an average price of $0.22, for a total value of $1,942.16.

Shares of WTRH stock traded up $0.01 during trading hours on Thursday, reaching $0.16. The company had a trading volume of 3,059,732 shares, compared to its average volume of 2,953,353. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.99 and a current ratio of 1.99. Waitr Holdings Inc. has a twelve month low of $0.14 and a twelve month high of $2.28. The company has a market capitalization of $25.67 million, a P/E ratio of -0.31 and a beta of -0.99. The stock’s fifty day simple moving average is $0.21 and its 200 day simple moving average is $0.44.

Waitr (NASDAQ:WTRHGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $35.04 million during the quarter. Waitr had a negative net margin of 47.34% and a negative return on equity of 21.32%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its holdings in Waitr by 1,401.6% in the third quarter. Morgan Stanley now owns 12,120,560 shares of the company’s stock valued at $10,732,000 after purchasing an additional 11,313,365 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Waitr by 1,466.9% in the third quarter. Goldman Sachs Group Inc. now owns 398,408 shares of the company’s stock valued at $353,000 after purchasing an additional 372,981 shares during the last quarter. Beirne Wealth Consulting Services LLC boosted its holdings in Waitr by 100.0% in the first quarter. Beirne Wealth Consulting Services LLC now owns 160,000 shares of the company’s stock valued at $59,000 after purchasing an additional 80,000 shares during the last quarter. Latitude Advisors LLC boosted its holdings in Waitr by 65.0% in the first quarter. Latitude Advisors LLC now owns 132,000 shares of the company’s stock valued at $49,000 after purchasing an additional 52,000 shares during the last quarter. Finally, Ahrens Investment Partners LLC lifted its holdings in Waitr by 170.3% during the 1st quarter. Ahrens Investment Partners LLC now owns 147,515 shares of the company’s stock worth $55,000 after buying an additional 92,950 shares during the last quarter. 13.89% of the stock is owned by hedge funds and other institutional investors.

Separately, Benchmark dropped their price target on Waitr from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Monday, March 14th.

Waitr Company Profile (Get Rating)

Waitr Holdings Inc, together with its subsidiaries, operates an online ordering technology platform in the United States. Its Waitr, Bite Squad, and Delivery Dudes mobile applications provide delivery, carryout, dine-in options, connecting restaurants, drivers, and diners. As of December 31, 2021, the company had approximately 26,000 restaurants on the platforms.

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Insider Buying and Selling by Quarter for Waitr (NASDAQ:WTRH)

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