LiveOne (NASDAQ:LVO – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Other equities research analysts have also issued research reports about the company. UBS Group set a $8.00 price objective on LiveOne in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of LiveOne in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.00.
View Our Latest Stock Report on LVO
LiveOne Price Performance
LiveOne (NASDAQ:LVO – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.03. The company had revenue of $19.35 million for the quarter, compared to analyst estimates of $21.23 million. Sell-side analysts anticipate that LiveOne will post -1.21 earnings per share for the current fiscal year.
Hedge Funds Weigh In On LiveOne
Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in LiveOne by 95.7% in the second quarter. Bank of America Corp DE now owns 65,945 shares of the company’s stock valued at $50,000 after purchasing an additional 32,248 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of LiveOne during the 2nd quarter worth approximately $87,000. Acadian Asset Management LLC lifted its position in shares of 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 buying an additional 142,560 shares in the last quarter. Sei Investments Co. purchased a new position in shares of LiveOne during the 1st quarter valued at approximately $110,000. Finally, State Street Corp increased its holdings in LiveOne by 28.2% in the 4th quarter. State Street Corp now owns 33,626 shares of the company’s stock worth $159,000 after acquiring an additional 7,399 shares in the last quarter. Hedge funds and other institutional investors own 21.25% of the company’s stock.
LiveOne Company Profile
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.
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