Livexlive Media (LIVX) Releases Earnings Results, Beats Estimates By $0.02 EPS
Livexlive Media (OTCMKTS:LIVX) released its earnings results on Wednesday. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02, Morningstar.com reports. The firm had revenue of $7.97 million for the quarter, compared to analysts’ expectations of $8.20 million.
LIVX stock opened at $3.89 on Friday. Livexlive Media has a 12 month low of $2.52 and a 12 month high of $11.11.
In related news, Director Jay E. Krigsman acquired 84,351 shares of the stock in a transaction on Tuesday, September 25th. The stock was bought at an average cost of $5.06 per share, with a total value of $426,816.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert S. Ellin acquired 6,700 shares of the stock in a transaction on Friday, September 14th. The stock was bought at an average cost of $4.90 per share, with a total value of $32,830.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 127,965 shares of company stock valued at $627,018.
LIVX has been the topic of a number of research reports. HC Wainwright initiated coverage on shares of Livexlive Media in a report on Friday, October 19th. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research upgraded shares of Livexlive Media from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, JMP Securities lifted their price target on shares of Livexlive Media from $5.00 to $6.00 and gave the company a “market outperform” rating in a report on Friday, August 17th.
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Livexlive Media Company Profile
LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.
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