Fleming James B JR Has $758,000 Holdings in LiveOne, Inc. $LVO

Fleming James B JR lowered its position in shares of LiveOne, Inc. (NASDAQ:LVO) by 90.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,636 shares of the company’s stock after selling 1,652,746 shares during the period. LiveOne comprises about 83.8% of Fleming James B JR’s investment portfolio, making the stock its biggest holding. Fleming James B JR’s holdings in LiveOne were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LVO. Rockefeller Capital Management L.P. bought a new position in shares of LiveOne during the second quarter valued at about $2,074,000. Jane Street Group LLC purchased a new position in LiveOne during the 2nd quarter valued at about $247,000. Y Intercept Hong Kong Ltd bought a new position in LiveOne during the 2nd quarter valued at approximately $230,000. Marshall Wace LLP purchased a new stake in LiveOne in the 2nd quarter worth approximately $174,000. Finally, Pingora Partners LLC grew its position in shares of LiveOne by 175.5% in the 1st quarter. Pingora Partners LLC now owns 176,425 shares of the company’s stock worth $123,000 after buying an additional 112,385 shares during the last quarter. Hedge funds and other institutional investors own 21.25% of the company’s stock.

LiveOne Stock Performance

Shares of NASDAQ:LVO opened at $4.22 on Tuesday. The firm has a market capitalization of $49.08 million, a P/E ratio of -1.82 and a beta of 1.67. The stock has a 50 day moving average price of $4.85 and a 200-day moving average price of $5.69. LiveOne, Inc. has a 52-week low of $3.92 and a 52-week high of $16.00.

LiveOne (NASDAQ:LVO) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.07). The company had revenue of $18.76 million during the quarter, compared to the consensus estimate of $19.68 million. On average, equities analysts forecast that LiveOne, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

LVO has been the topic of several research analyst reports. Roth Capital reduced their target price on LiveOne from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.00.

About LiveOne

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.