LiveOne (NASDAQ:LVO) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of LiveOne (NASDAQ:LVO) from a hold rating to a sell rating in a research report report published on Saturday.

Other research analysts have also recently issued reports about the company. Alliance Global Partners reissued a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

LiveOne Price Performance

NASDAQ LVO opened at $5.29 on Friday. The business’s fifty day moving average price is $5.97 and its 200-day moving average price is $5.24. The stock has a market capitalization of $71.73 million, a price-to-earnings ratio of -2.73 and a beta of 1.60. LiveOne has a 1-year low of $3.70 and a 1-year high of $7.50.

LiveOne (NASDAQ:LVO) last released its quarterly earnings results on Wednesday, June 24th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34). The firm had revenue of $18.92 million during the quarter, compared to analysts’ expectations of $19.76 million. Equities research analysts anticipate that LiveOne will post -0.81 EPS for the current year.

Institutional Investors Weigh In On LiveOne

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in LiveOne by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock worth $304,000 after buying an additional 2,300 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of LiveOne by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock valued at $532,000 after buying an additional 5,985 shares in the last quarter. State Street Corp lifted its position in shares of 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 buying an additional 7,399 shares in the last quarter. Bank of America Corp DE grew its stake in shares of LiveOne by 35.4% during the 4th quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock valued at $88,000 after acquiring an additional 15,574 shares during the period. Finally, Sei Investments Co. bought a new position in shares of LiveOne during the 1st quarter valued at approximately $110,000. 21.25% of the stock is currently owned by hedge funds and other institutional investors.

LiveOne Company Profile

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.