Livexlive Media Inc (NASDAQ:LIVX) CEO Robert S. Ellin purchased 5,036 shares of Livexlive Media stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $2.64 per share, with a total value of $13,295.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
LIVX stock traded down $0.30 during midday trading on Friday, reaching $2.38. The company had a trading volume of 123,748 shares, compared to its average volume of 79,413. Livexlive Media Inc has a 1 year low of $2.12 and a 1 year high of $7.23. The company has a current ratio of 0.43, a quick ratio of 0.57 and a debt-to-equity ratio of 8.14. The company has a market capitalization of $137.09 million, a P/E ratio of -3.31 and a beta of 1.37. The company has a 50 day moving average of $2.93 and a two-hundred day moving average of $4.45.
Livexlive Media (NASDAQ:LIVX) last released its earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Livexlive Media had a negative return on equity of 297.90% and a negative net margin of 105.60%. The company had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $10.00 million. On average, sell-side analysts anticipate that Livexlive Media Inc will post -0.57 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new stake in Livexlive Media in the 2nd quarter worth about $44,000. Vanguard Group Inc. increased its holdings in Livexlive Media by 26.5% in the 2nd quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock worth $2,898,000 after acquiring an additional 146,419 shares during the last quarter. BlackRock Inc. increased its holdings in Livexlive Media by 3.6% in the 2nd quarter. BlackRock Inc. now owns 1,488,503 shares of the company’s stock worth $6,178,000 after acquiring an additional 51,131 shares during the last quarter. Northern Trust Corp increased its holdings in Livexlive Media by 2.3% in the 2nd quarter. Northern Trust Corp now owns 302,615 shares of the company’s stock worth $1,256,000 after acquiring an additional 6,841 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Livexlive Media by 8.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock worth $295,000 after acquiring an additional 5,394 shares during the last quarter. Institutional investors own 22.13% of the company’s stock.
Several equities research analysts recently commented on LIVX shares. Maxim Group set a $8.00 price target on shares of Livexlive Media and gave the company a “buy” rating in a research report on Wednesday, August 7th. HC Wainwright restated a “buy” rating and issued a $6.00 price target on shares of Livexlive Media in a research report on Friday, June 14th. Zacks Investment Research downgraded shares of Livexlive Media from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Finally, ValuEngine upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $6.56.
About Livexlive Media
LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.
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