LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) traded up 0.4% during trading on Thursday . The stock traded as high as $1.62 and last traded at $1.3750. 972,757 shares changed hands during trading, a decline of 17% from the average session volume of 1,169,268 shares. The stock had previously closed at $1.37.
Wall Street Analyst Weigh In
LVWR has been the topic of a number of research reports. Wall Street Zen raised shares of LiveWire Group to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LiveWire Group presently has an average rating of “Sell”.
Check Out Our Latest Report on LiveWire Group
LiveWire Group Stock Up 0.4%
LiveWire Group (NYSE:LVWR – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative return on equity of 198.18% and a negative net margin of 234.48%.The company had revenue of $9.12 million during the quarter.
Insider Activity at LiveWire Group
In other LiveWire Group news, insider Jeremiah Nienhuis sold 10,732 shares of LiveWire Group stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $2.38, for a total transaction of $25,542.16. Following the transaction, the insider owned 110,608 shares of the company’s stock, valued at $263,247.04. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Karim Donnez sold 230,557 shares of LiveWire Group stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $2.33, for a total transaction of $537,197.81. Following the transaction, the chief executive officer directly owned 1,344,076 shares in the company, valued at $3,131,697.08. This represents a 14.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 241,505 shares of company stock valued at $563,226 over the last three months. 0.38% of the stock is currently owned by insiders.
Institutional Trading of LiveWire Group
Several institutional investors and hedge funds have recently modified their holdings of LVWR. Wells Fargo & Company MN boosted its holdings in LiveWire Group by 78.1% in the 4th quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after buying an additional 17,615 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in LiveWire Group during the fourth quarter valued at about $49,000. Goldman Sachs Group Inc. raised its holdings in LiveWire Group by 305.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock valued at $202,000 after acquiring an additional 34,469 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after acquiring an additional 5,812 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of LiveWire Group by 84.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock valued at $92,000 after acquiring an additional 9,210 shares in the last quarter. 0.88% of the stock is currently owned by institutional investors.
About LiveWire Group
LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.
LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.
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