LiveOne (NASDAQ:LVO) Stock Rating Upgraded by Wall Street Zen

LiveOne (NASDAQ:LVO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also issued reports on LVO. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a research note on Thursday, January 22nd. Alliance Global Partners reaffirmed a “buy” rating and issued a $12.00 target price on shares of LiveOne in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.50.

LiveOne Stock Performance

NASDAQ LVO opened at $5.14 on Friday. The stock has a market capitalization of $59.88 million, a price-to-earnings ratio of -2.46 and a beta of 1.64. The stock’s 50 day moving average price is $4.56 and its two-hundred day moving average price is $4.86. LiveOne has a 52 week low of $3.70 and a 52 week high of $9.80.

LiveOne (NASDAQ:LVO) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.08. The business had revenue of $20.26 million for the quarter, compared to the consensus estimate of $19.29 million. On average, equities research analysts forecast that LiveOne will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Catalyst Funds Management Pty Ltd acquired a new stake in LiveOne during the 2nd quarter valued at $25,000. Bank of America Corp DE raised its position in shares of LiveOne by 95.7% in the second quarter. Bank of America Corp DE now owns 65,945 shares of the company’s stock valued at $50,000 after purchasing an additional 32,248 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of LiveOne during the 2nd quarter worth about $87,000. Beacon Financial Advisory LLC bought a new stake in shares of LiveOne during the 3rd quarter worth about $97,000. Finally, Acadian Asset Management LLC grew its stake in LiveOne by 2,891.7% in the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after buying an additional 142,560 shares during the last quarter. 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 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.