Live Nation Entertainment, Inc. (LYV) – What Are Brokerages Thinking About This Stock?

Live Nation Entertainment, Inc. (NYSE:LYV) has been assigned a consensus rating of “Moderate Buy” from the twenty-four analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $197.43.

Several analysts recently weighed in on LYV shares. Oppenheimer set a $100.00 target price on Live Nation Entertainment in a research note on Tuesday, July 28th. Wells Fargo & Company boosted their target price on shares of Live Nation Entertainment from $199.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings cut shares of Live Nation Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. BTIG Research reissued a “buy” rating and issued a $215.00 price target on shares of Live Nation Entertainment in a report on Friday, July 31st. Finally, UBS Group raised their price target on shares of Live Nation Entertainment from $181.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, July 20th.

Live Nation Entertainment Price Performance

Shares of Live Nation Entertainment stock opened at $170.66 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25. The firm has a fifty day simple moving average of $175.05 and a 200-day simple moving average of $171.36. The stock has a market capitalization of $40.21 billion, a price-to-earnings ratio of -151.03 and a beta of 1.17. Live Nation Entertainment has a 1-year low of $125.34 and a 1-year high of $189.24.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, July 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.66 by $0.39. Live Nation Entertainment had a net margin of 0.34% and a return on equity of 54.61%. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter last year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Live Nation Entertainment will post 1.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Brian Capo sold 2,900 shares of Live Nation Entertainment stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $184.00, for a total transaction of $533,600.00. Following the sale, the chief accounting officer directly owned 8,655 shares of the company’s stock, valued at $1,592,520. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Live Nation Entertainment

Several large investors have recently added to or reduced their stakes in LYV. V Square Quantitative Management LLC raised its stake in shares of Live Nation Entertainment by 10.2% in the third quarter. V Square Quantitative Management LLC now owns 3,067 shares of the company’s stock valued at $519,000 after purchasing an additional 285 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Live Nation Entertainment by 253.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 374,747 shares of the company’s stock valued at $63,445,000 after buying an additional 268,710 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Live Nation Entertainment in the 3rd quarter valued at $38,000. Contravisory Investment Management Inc. lifted its holdings in shares of Live Nation Entertainment by 1,468.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 7,781 shares of the company’s stock worth $1,317,000 after acquiring an additional 7,285 shares during the period. Finally, Terra Nova Asset Management LLC bought a new position in shares of Live Nation Entertainment during the 3rd quarter worth about $263,000. Institutional investors and hedge funds own 74.52% of the company’s stock.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a global live entertainment company that promotes concerts and other live events, operates entertainment venues, and provides ticketing services. Its activities span the live event ecosystem, from artist and event promotion to ticket sales, venue management, sponsorship, and advertising.

The company’s business includes Live Nation Concerts, which produces and promotes tours, festivals, and other events; Ticketmaster, a ticketing platform serving venues, event organizers, and fans; and a portfolio of owned, operated, or managed venues.