New insider activity at Vestis Corporation ( (VSTS) ) has taken place on May 10, 2025.
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Director Richard L. Jr. Burke has made a significant investment by purchasing 18,382 shares of Vestis Corporation stock, valued at $105,145. Meanwhile, Director Douglas Pertz has acquired an even larger stake, buying 70,000 shares for a total of $431,900. These transactions highlight the directors’ confidence in the company’s future prospects.
Recent Updates on VSTS stock
In the last 24 hours, Vestis Corporation’s stock has experienced notable developments. The company announced the appointment of Jim Barber as the new President and CEO, effective June 2, 2025, which is seen as a strategic move to navigate industry challenges and capitalize on growth opportunities. Additionally, the resignation of EVP Angie Kervin was announced, attributed to personal reasons. The company’s Q2 2025 earnings report revealed a revenue of $665 million but also an operating loss of $9 million and a net loss of $28 million, leading to a revised outlook for Q3 with expected revenue between $674 million and $682 million. Analysts have lowered the price target for Vestis, citing operational challenges, increased leverage, and low profitability margins as significant risks. Despite these challenges, the company remains focused on disciplined capital allocation and deleveraging. A rumor highlighted in a Betaville blog alert contributed to a 5% increase in early trading, reflecting market reactions to the ongoing developments.
Spark’s Take on VSTS Stock
According to Spark, TipRanks’ AI Analyst, VSTS is a Neutral.
Vestis Corporation’s overall stock score reflects a combination of steady operational performance and robust cash flow management, offset by increased leverage and low profitability margins. Technical indicators suggest bearish trends, while valuation metrics point to overvaluation with negative earnings. The earnings call offers a balanced view with both positive developments and notable challenges.
To see Spark’s full report on VSTS stock, click here.
More about Vestis Corporation
YTD Price Performance: -58.75%
Average Trading Volume: 2,544,438
Technical Sentiment Signal: Sell
Current Market Cap: $716.7M