Live Nation Entertainment (NYSE:LYV) Given a $165.00 Price Target by Susquehanna Analysts

Live Nation Entertainment (NYSE:LYV) received a $165.00 price objective from analysts at Susquehanna in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 14.82% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Roth Mkm cut their target price on shares of Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Benchmark reissued a “buy” rating and issued a $178.00 price objective on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Rosenblatt Securities decreased their price objective on shares of Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Macquarie raised their price target on Live Nation Entertainment from $146.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Wolfe Research lifted their price target on Live Nation Entertainment from $160.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.35.

Live Nation Entertainment Stock Performance

LYV stock opened at $143.70 on Tuesday. The stock’s fifty day moving average price is $135.34 and its 200-day moving average price is $135.77. The company has a market cap of $33.31 billion, a P/E ratio of 52.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. Live Nation Entertainment has a 1 year low of $86.81 and a 1 year high of $157.75. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.63 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, equities analysts forecast that Live Nation Entertainment will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP John Hopmans sold 34,808 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the sale, the executive vice president now directly owns 189,456 shares of the company’s stock, valued at approximately $27,922,025.28. This represents a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Live Nation Entertainment

A number of institutional investors have recently modified their holdings of the business. First Hawaiian Bank increased its position in shares of Live Nation Entertainment by 6.6% in the first quarter. First Hawaiian Bank now owns 9,024 shares of the company’s stock valued at $1,178,000 after buying an additional 558 shares in the last quarter. Anderson Financial Strategies LLC grew its holdings in shares of Live Nation Entertainment by 26.9% during the 1st quarter. Anderson Financial Strategies LLC now owns 13,578 shares of the company’s stock worth $1,773,000 after purchasing an additional 2,880 shares during the period. Strs Ohio purchased a new position in shares of Live Nation Entertainment during the 1st quarter worth $4,500,000. Acadian Asset Management LLC acquired a new position in Live Nation Entertainment during the 1st quarter worth about $2,051,000. Finally, IFM Investors Pty Ltd lifted its stake in Live Nation Entertainment by 1.1% during the 1st quarter. IFM Investors Pty Ltd now owns 28,724 shares of the company’s stock worth $3,751,000 after acquiring an additional 312 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.