LiveOne (NASDAQ:LVO – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34), Zacks reports.
LiveOne Stock Performance
LiveOne stock opened at $6.06 on Wednesday. LiveOne has a 52 week low of $3.70 and a 52 week high of $9.20. The stock has a market capitalization of $81.63 million, a P/E ratio of -2.90 and a beta of 1.60. The stock has a 50-day simple moving average of $5.79 and a 200 day simple moving average of $5.15.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on LVO. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of LiveOne from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.50.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in LiveOne by 28.2% during the fourth quarter. State Street Corp now owns 33,626 shares of the company’s stock valued at $159,000 after acquiring an additional 7,399 shares during the last quarter. Jane Street Group LLC purchased a new stake in LiveOne in the 4th quarter valued at about $386,000. Renaissance Technologies LLC raised its position in LiveOne by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock worth $304,000 after acquiring an additional 2,300 shares during the period. Geode Capital Management LLC boosted its position in LiveOne by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock worth $532,000 after purchasing an additional 5,985 shares during the period. Finally, No Street GP LP purchased a new position in shares of LiveOne during the 3rd quarter valued at $1,239,000. Institutional investors and hedge funds 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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