Insider Buying: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Purchases 8,346 Shares

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt acquired 8,346 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $2.00 per share, with a total value of $16,692.00. Following the acquisition, the insider owned 35,770 shares of the company’s stock, valued at approximately $71,540. This trade represents a 30.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 26th, Financial Lp Hrt bought 876 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $1.98 per share, for a total transaction of $1,734.48.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The stock was purchased at an average cost of $2.74 per share, with a total value of $271.26.
• 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 Monday, June 22nd, Financial Lp Hrt acquired 6,872 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $2.84 per share, for a total transaction of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt bought 2,621 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt bought 234,583 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $0.29 per share, with a total value of $68,029.07.
• On Monday, June 8th, Financial Lp Hrt sold 3,540 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.00, for a total value of $14,160.00.
• On Thursday, June 4th, Financial Lp Hrt sold 556 shares of Vision Marine Technologies stock. The stock was sold at an average price of $4.30, for a total value of $2,390.80.
• On Wednesday, June 3rd, Financial Lp Hrt purchased 12,444 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $4.30 per share, for a total transaction of $53,509.20.

Vision Marine Technologies Stock Down 1.0%

Shares of NASDAQ:VMAR traded down $0.02 during trading on Monday, hitting $1.96. 68,956 shares of the company’s stock traded hands, compared to its average volume of 78,507. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $7.18 and a 200-day moving average price of $38.30. Vision Marine Technologies Inc. has a 52 week low of $1.82 and a 52 week high of $3,180.00. The company has a market cap of $19,600.00, a price-to-earnings ratio of -0.00 and a beta of 0.07.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of 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 Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Vision Marine Technologies

A hedge fund recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new position in Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up about 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest position. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent SEC filing. Institutional investors own 53.79% of the company’s stock.

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.