Shares of Livexlive Media Inc (NASDAQ:LIVX) have received an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.13.

A number of analysts have issued reports on LIVX shares. ValuEngine upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. Roth Capital started coverage on shares of Livexlive Media in a research note on Wednesday, August 21st. They issued a “buy” rating and a $8.50 target price for the company. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Livexlive Media in a research note on Friday, June 14th. LADENBURG THALM/SH SH cut shares of Livexlive Media from a “buy” rating to a “neutral” rating and reduced their target price for the company from $5.50 to $2.00 in a research note on Monday. Finally, Maxim Group set a $8.00 target price on shares of Livexlive Media and gave the company a “buy” rating in a research note on Wednesday, August 7th.

In other Livexlive Media news, CEO Robert S. Ellin bought 13,000 shares of Livexlive Media stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $32,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 66,920 shares of company stock valued at $166,435 over the last quarter. Corporate insiders own 36.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Livexlive Media by 8,784.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,552 shares of the company’s stock worth $41,000 after buying an additional 7,467 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Livexlive Media in the second quarter worth $44,000. Spark Investment Management LLC acquired a new stake in shares of Livexlive Media in the first quarter worth $63,000. Deutsche Bank AG lifted its stake in shares of Livexlive Media by 9.3% in the fourth quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock worth $190,000 after buying an additional 3,288 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Livexlive Media by 8.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock worth $295,000 after buying an additional 5,394 shares during the last quarter. Institutional investors and hedge funds own 20.64% of the company’s stock.

LIVX traded down $0.04 on Monday, reaching $2.60. 766 shares of the company traded hands, compared to its average volume of 81,078. The stock’s 50 day moving average price is $2.49 and its 200-day moving average price is $4.02. Livexlive Media has a 52-week low of $1.84 and a 52-week high of $7.23. The company has a market cap of $152.06 million, a price-to-earnings ratio of -3.61 and a beta of 1.51. The company has a debt-to-equity ratio of 8.14, a current ratio of 0.43 and a quick ratio of 0.43.

Livexlive Media (NASDAQ:LIVX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Livexlive Media had a negative net margin of 105.60% and a negative return on equity of 297.90%. The company had revenue of $9.50 million for the quarter, compared to analysts’ expectations of $10.00 million. As a group, equities research analysts forecast that Livexlive Media will post -0.61 earnings per share for the current fiscal year.

Livexlive Media Company Profile

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

Featured Story: What is a Leveraged Buyout (LBO)?

Receive News & Ratings for Livexlive Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livexlive Media and related companies with MarketBeat.com's FREE daily email newsletter.