Livexlive Media (NASDAQ:LIVX) Given “Buy” Rating at Maxim Group

Maxim Group reaffirmed their buy rating on shares of Livexlive Media (NASDAQ:LIVX) in a research report released on Friday, AnalystRatings.com reports. They currently have a $4.00 price target on the stock.

Several other research firms also recently commented on LIVX. Roth Capital initiated coverage on shares of Livexlive Media in a report on Wednesday, August 21st. They set a buy rating and a $8.50 price objective for the company. ValuEngine raised shares of Livexlive Media from a hold rating to a buy rating in a report on Tuesday, August 13th. LADENBURG THALM/SH SH raised shares of Livexlive Media from a neutral rating to a buy rating and increased their price objective for the company from $2.00 to $3.25 in a report on Friday. Finally, Zacks Investment Research raised shares of Livexlive Media from a sell rating to a hold rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $5.60.

NASDAQ LIVX traded up $0.13 during mid-day trading on Friday, reaching $1.42. The stock had a trading volume of 146,300 shares, compared to its average volume of 88,943. The company has a fifty day moving average price of $1.75 and a 200 day moving average price of $2.95. Livexlive Media has a 1 year low of $1.29 and a 1 year high of $7.23. The stock has a market cap of $92.16 million, a PE ratio of -1.97 and a beta of 1.44. The company has a debt-to-equity ratio of 8.14, a current ratio of 0.43 and a quick ratio of 0.43.

Livexlive Media (NASDAQ:LIVX) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Livexlive Media had a negative net margin of 105.60% and a negative return on equity of 297.90%. The company had revenue of $9.58 million for the quarter, compared to the consensus estimate of $10.70 million. As a group, equities research analysts expect that Livexlive Media will post -0.72 earnings per share for the current year.

In related news, CEO Robert S. Ellin acquired 13,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $2.47 per share, with a total value of $32,110.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 74,599 shares of company stock valued at $181,410 in the last three months. Insiders own 36.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in LIVX. 1492 Capital Management LLC raised its position in shares of Livexlive Media by 643.4% during the 2nd quarter. 1492 Capital Management LLC now owns 315,497 shares of the company’s stock valued at $1,309,000 after buying an additional 273,055 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Livexlive Media by 8.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock valued at $295,000 after buying an additional 5,394 shares in the last quarter. Northern Trust Corp raised its position in shares of Livexlive Media by 2.3% during the 2nd quarter. Northern Trust Corp now owns 302,615 shares of the company’s stock valued at $1,256,000 after buying an additional 6,841 shares in the last quarter. BlackRock Inc. raised its position in shares of Livexlive Media by 3.6% during the 2nd quarter. BlackRock Inc. now owns 1,488,503 shares of the company’s stock valued at $6,178,000 after buying an additional 51,131 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Livexlive Media by 26.5% during the 2nd quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock valued at $2,898,000 after buying an additional 146,419 shares in the last quarter. Hedge funds and other institutional investors own 20.61% of the company’s stock.

Livexlive Media Company Profile

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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