LiveOne (NASDAQ:LVO) Raised to “Hold” at Wall Street Zen

LiveOne (NASDAQ:LVO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on LVO. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a research note on Tuesday, June 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of LiveOne in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.50.

LiveOne Price Performance

LVO opened at $4.48 on Friday. The firm has a market capitalization of $61.73 million, a price-to-earnings ratio of -2.31 and a beta of 1.66. The company’s 50 day simple moving average is $5.77 and its two-hundred day simple moving average is $5.28. LiveOne has a 1-year low of $3.70 and a 1-year high of $7.20.

LiveOne (NASDAQ:LVO) last posted its quarterly earnings results on Wednesday, June 24th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34). The firm had revenue of $18.92 million during the quarter, compared to analyst estimates of $19.76 million. On average, equities analysts anticipate that LiveOne will post -0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LiveOne

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of LiveOne in the 1st quarter worth approximately $110,000. State Street Corp increased its holdings in LiveOne by 28.2% in the 4th quarter. State Street Corp now owns 33,626 shares of the company’s stock valued at $159,000 after purchasing an additional 7,399 shares during the last quarter. Jane Street Group LLC acquired a new stake in LiveOne in the 4th quarter valued at approximately $386,000. Renaissance Technologies LLC raised its position in LiveOne by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock valued at $304,000 after purchasing an additional 2,300 shares during the period. Finally, Geode Capital Management LLC raised its position in LiveOne by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock valued at $532,000 after purchasing an additional 5,985 shares during the period. 21.25% of the stock is owned by hedge funds and other 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.