LiveWire Group (NYSE:LVWR) Insider Jeremiah Nienhuis Sells 10,732 Shares of Stock

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) insider Jeremiah Nienhuis sold 10,732 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.38, for a total value of $25,542.16. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

LiveWire Group Trading Down 14.3%

NYSE LVWR traded down $0.29 during mid-day trading on Friday, hitting $1.76. The company’s stock had a trading volume of 3,108,753 shares, compared to its average volume of 1,875,681. LiveWire Group, Inc. has a 52-week low of $0.65 and a 52-week high of $6.44. The stock’s fifty day simple moving average is $1.19 and its two-hundred day simple moving average is $1.68. The company has a debt-to-equity ratio of 2.62, a current ratio of 4.29 and a quick ratio of 3.60. The firm has a market capitalization of $360.66 million, a P/E ratio of -4.77 and a beta of 1.71.

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LiveWire Group (NYSE:LVWR – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 161.65%. The business had revenue of $9.12 million for the quarter.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its position in LiveWire Group by 12.4% during the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after acquiring an additional 17,672 shares in the last quarter. State of Wisconsin Investment Board grew its position in LiveWire Group by 30.2% in the fourth quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after acquiring an additional 20,000 shares in the last quarter. Rhumbline Advisers raised its stake in shares of LiveWire Group by 244.0% during the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after purchasing an additional 43,080 shares during the period. Barclays PLC raised its stake in shares of LiveWire Group by 9.0% during the fourth quarter. Barclays PLC now owns 57,312 shares of the company’s stock valued at $253,000 after purchasing an additional 4,750 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of LiveWire Group by 305.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after purchasing an additional 34,469 shares in the last quarter. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

View Our Latest Stock Analysis on LVWR

About LiveWire Group

(Get Free Report)

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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