Litchfield Hills Research Comments on LiveOne Q2 Earnings

LiveOne, Inc. (NASDAQ:LVO) – Analysts at Litchfield Hills Research decreased their Q2 2027 earnings per share estimates for shares of LiveOne in a research report issued on Wednesday, August 12th. Litchfield Hills Research analyst B. Sine now forecasts that the company will earn ($0.34) per share for the quarter, down from their prior forecast of ($0.17). The consensus estimate for LiveOne’s current full-year earnings is ($1.16) per share. Litchfield Hills Research also issued estimates for LiveOne’s Q3 2027 earnings at ($0.33) EPS, Q4 2027 earnings at ($0.31) EPS, FY2027 earnings at ($1.30) EPS, Q1 2028 earnings at ($0.13) EPS, Q2 2028 earnings at ($0.13) EPS, Q3 2028 earnings at ($0.11) EPS and FY2028 earnings at ($0.45) EPS.

Several other brokerages also recently issued reports on LVO. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a research report on Tuesday, June 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of LiveOne in a research note on Tuesday, July 7th. UBS Group set a $8.00 target price on shares of LiveOne in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of LiveOne from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.00.

LiveOne Stock Performance

Shares of NASDAQ:LVO opened at $3.62 on Monday. The business has a fifty day moving average of $5.20 and a 200-day moving average of $5.27. LiveOne has a twelve month low of $3.58 and a twelve month high of $7.19. The firm has a market cap of $49.88 million, a PE ratio of -2.07 and a beta of 1.66.

LiveOne (NASDAQ:LVO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.03. The business had revenue of $19.35 million during the quarter, compared to the consensus estimate of $21.23 million.

Hedge Funds Weigh In On LiveOne

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in LiveOne in the first quarter worth about $110,000. State Street Corp lifted its position in LiveOne by 28.2% during 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 period. Bank of America Corp DE boosted its stake in shares of LiveOne by 35.4% in the 4th quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock valued at $88,000 after purchasing an additional 15,574 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of LiveOne by 3.7% in the 4th 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 last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of LiveOne during the 4th quarter worth approximately $386,000. Institutional investors own 21.25% of the company’s stock.

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.