Wall Street Zen lowered shares of LiveOne (NASDAQ:LVO – Free Report) from a hold rating to a sell rating in a research report report published on Sunday morning.
LVO has been the topic of several other reports. Alliance Global Partners reiterated a “buy” rating on shares of LiveOne in a report on Tuesday, July 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.50.
Check Out Our Latest Research Report on LVO
LiveOne Price Performance
LiveOne (NASDAQ:LVO – Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34). The business had revenue of $18.92 million for the quarter, compared to analyst estimates of $19.76 million. As a group, research analysts anticipate that LiveOne will post -0.81 earnings per share for the current fiscal year.
Institutional Trading of LiveOne
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in LiveOne by 35.4% during the 4th quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock worth $88,000 after acquiring an additional 15,574 shares in the last quarter. Acadian Asset Management LLC increased its position in LiveOne by 2,891.7% during the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after purchasing an additional 142,560 shares during the period. Marshall Wace LLP bought a new stake in shares of LiveOne in the 2nd quarter valued at about $174,000. Qube Research & Technologies Ltd bought a new stake in shares of LiveOne in the 2nd quarter valued at about $87,000. Finally, Jane Street Group LLC purchased a new stake in shares of LiveOne in the 2nd quarter worth approximately $247,000. 21.25% of the stock is currently owned by institutional investors.
About LiveOne
LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.
The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.
Further Reading
- Five stocks we like better than LiveOne
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
- Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War
Receive News & Ratings for LiveOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LiveOne and related companies with MarketBeat.com's FREE daily email newsletter.
