LiveOne, Inc. (NASDAQ:LVO – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $3.08 and traded as high as $3.30. LiveOne shares last traded at $3.16, with a volume of 246,279 shares traded.
Analysts Set New Price Targets
LVO has been the subject of a number of analyst reports. UBS Group set a $8.00 target price on shares of LiveOne in a research note on Wednesday, August 12th. Alliance Global Partners restated a “buy” rating on shares of LiveOne in a report on Tuesday, July 7th. Weiss Ratings downgraded shares of LiveOne from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 19th. Finally, Wall Street Zen raised shares of LiveOne from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.00.
Check Out Our Latest Research Report on LiveOne
LiveOne Trading Down 7.0%
The firm has a fifty day simple moving average of $3.05 and a 200 day simple moving average of $4.64.
LiveOne (NASDAQ:LVO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. The firm had revenue of $19.35 million during the quarter, compared to analyst estimates of $21.23 million. Equities research analysts forecast that LiveOne, Inc. will post -1.21 EPS for the current year.
Hedge Funds Weigh In On LiveOne
An institutional investor recently bought a new position in LiveOne stock. Integrated Wealth Concepts LLC acquired a new position in shares of LiveOne, Inc. (NASDAQ:LVO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,262 shares of the company’s stock, valued at approximately $53,000. Integrated Wealth Concepts LLC owned about 0.06% of LiveOne as of its most recent filing with the Securities and Exchange Commission. 21.25% of the stock is currently owned by institutional investors.
LiveOne Company Profile
LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company that develops and distributes music, podcasting, and live-event content. Its offerings are designed to provide consumers with access to streaming audio, original programming, digital radio, and interactive entertainment experiences across connected devices.
The company operates the LiveOne platform, which features music and live entertainment programming, including livestreamed concerts, festivals, and other artist-focused events.
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