Livexlive Media (NASDAQ:LIVX) Given Buy Rating at HC Wainwright

Livexlive Media (NASDAQ:LIVX)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a report released on Wednesday, AnalystRatings.com reports. They currently have a $4.50 target price on the stock. HC Wainwright’s price target indicates a potential upside of 230.88% from the stock’s current price.

Several other analysts have also recently commented on the stock. Roth Capital began coverage on shares of Livexlive Media in a research note on Wednesday, August 21st. They set a “buy” rating and a $8.50 price target on the stock. Maxim Group reissued a “buy” rating and set a $4.00 price target on shares of Livexlive Media in a research note on Friday, November 8th. Zacks Investment Research raised shares of Livexlive Media from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. LADENBURG THALM/SH SH raised shares of Livexlive Media from a “neutral” rating to a “buy” rating and increased their price target for the company from $2.00 to $3.25 in a research note on Friday, November 8th. Finally, ValuEngine raised shares of Livexlive Media from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $5.30.

LIVX opened at $1.36 on Wednesday. Livexlive Media has a one year low of $1.29 and a one year high of $7.23. The company has a debt-to-equity ratio of 8.14, a current ratio of 0.43 and a quick ratio of 0.43. The company’s 50 day simple moving average is $1.69 and its 200-day simple moving average is $2.89. The stock has a market capitalization of $81.79 million, a P/E ratio of -1.89 and a beta of 1.44.

Livexlive Media (NASDAQ:LIVX) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). Livexlive Media had a negative net margin of 101.81% and a negative return on equity of 437.28%. The company had revenue of $9.58 million for the quarter, compared to the consensus estimate of $10.70 million. As a group, analysts anticipate that Livexlive Media will post -0.72 EPS for the current year.

In other Livexlive Media news, CEO Robert S. Ellin acquired 13,000 shares of Livexlive Media stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of $2.47 per share, with a total value of $32,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 64,663 shares of company stock worth $153,513. Insiders own 36.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in Livexlive Media in the second quarter valued at approximately $44,000. Charles Schwab Investment Management Inc. boosted its stake in Livexlive Media by 8.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock valued at $295,000 after acquiring an additional 5,394 shares during the last quarter. 1492 Capital Management LLC boosted its stake in Livexlive Media by 31.2% in the third quarter. 1492 Capital Management LLC now owns 414,012 shares of the company’s stock valued at $830,000 after acquiring an additional 98,515 shares during the last quarter. Northern Trust Corp boosted its stake in Livexlive Media by 2.3% in the second quarter. Northern Trust Corp now owns 302,615 shares of the company’s stock valued at $1,256,000 after acquiring an additional 6,841 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Livexlive Media by 26.5% during the second quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock worth $2,898,000 after purchasing an additional 146,419 shares in the last quarter. 20.78% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: What is operating income?

Receive News & Ratings for Livexlive Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livexlive Media and related companies with MarketBeat.com's FREE daily email newsletter.