LQR House’s (NASDAQ:LQR – Get Free Report) lock-up period is set to expire on Tuesday, February 6th. LQR House had issued 1,000,000 shares in its public offering on August 10th. The total size of the offering was $5,000,000 based on an initial share price of $5.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Wall Street Analyst Weigh In
Separately, Litchfield Hills Research reaffirmed a “buy” rating on shares of LQR House in a report on Friday, October 13th.
LQR House Stock Performance
LQR House shares are scheduled to split on Friday, February 9th. The 3-2 split was announced on Friday, February 9th. The newly minted shares will be issued to shareholders after the closing bell on Friday, February 9th.
LQR House (NASDAQ:LQR – Get Free Report) last announced its quarterly earnings data on Thursday, November 16th. The company reported ($28.20) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($25.80). The firm had revenue of $0.17 million for the quarter, compared to analyst estimates of $0.28 million. Analysts forecast that LQR House will post -31.14 EPS for the current year.
Insider Buying and Selling
In other LQR House news, CEO Sean Dollinger bought 23,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was purchased at an average price of $4.60 per share, with a total value of $106,260.00. Following the transaction, the chief executive officer now owns 2,806,531 shares in the company, valued at $12,910,042.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.03% of the company’s stock.
About LQR House
LQR House Inc provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through an exclusive agreement with an e-commerce portal.
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