Robert S. Ellin Acquires 1,700 Shares of Livexlive Media Inc (LIVX) Stock

Livexlive Media Inc (NASDAQ:LIVX) CEO Robert S. Ellin acquired 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $6.04 per share, with a total value of $10,268.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Livexlive Media stock traded down $0.04 during midday trading on Thursday, reaching $5.22. The company’s stock had a trading volume of 35,874 shares, compared to its average volume of 82,830. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.52 and a current ratio of 0.52. Livexlive Media Inc has a 52-week low of $2.52 and a 52-week high of $11.11. The stock has a market cap of $321.94 million, a PE ratio of -10.88 and a beta of 1.31.

Livexlive Media (NASDAQ:LIVX) last released its quarterly earnings results on Tuesday, February 12th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. Livexlive Media had a negative return on equity of 134.46% and a negative net margin of 117.50%. The company had revenue of $8.96 million during the quarter, compared to analysts’ expectations of $9.01 million. As a group, sell-side analysts predict that Livexlive Media Inc will post -0.73 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in LIVX. American International Group Inc. raised its stake in shares of Livexlive Media by 508.2% in the fourth quarter. American International Group Inc. now owns 19,388 shares of the company’s stock worth $96,000 after purchasing an additional 16,200 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Livexlive Media in the fourth quarter worth about $164,000. 1492 Capital Management LLC purchased a new position in shares of Livexlive Media in the fourth quarter worth about $210,000. Tibra Equities Europe Ltd purchased a new position in shares of Livexlive Media in the fourth quarter worth about $263,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Livexlive Media by 210.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock worth $390,000 after purchasing an additional 53,276 shares during the last quarter. Institutional investors own 21.05% of the company’s stock.

A number of equities research analysts have commented on LIVX shares. HC Wainwright reiterated a “buy” rating and issued a $6.00 price target on shares of Livexlive Media in a research note on Thursday, December 13th. Zacks Investment Research upgraded Livexlive Media from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Saturday, February 16th.

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About Livexlive Media

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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