Live Nation Entertainment (NYSE:LYV) Stock Rating Lowered by Zacks Research

Live Nation Entertainment (NYSE:LYV) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

LYV has been the topic of several other reports. Citigroup reiterated a “market outperform” rating on shares of Live Nation Entertainment in a research report on Thursday, October 1st. Benchmark upped their price target on Live Nation Entertainment from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, October 13th. Cfra reiterated a “sell” rating on shares of Live Nation Entertainment in a research note on Tuesday. Finally, Morgan Stanley increased their target price on shares of Live Nation Entertainment from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday. Twenty equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.95.

Live Nation Entertainment Trading Up 2.4%

Shares of Live Nation Entertainment stock opened at $174.86 on Monday. The company’s fifty day simple moving average is $174.62 and its 200-day simple moving average is $171.81. The stock has a market capitalization of $41.20 billion, a PE ratio of -154.75 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. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.85 and a quick ratio of 0.85.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data 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 return on equity of 54.61% and a net margin of 0.34%. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.56 billion. During the same period in the prior year, the business posted $0.41 EPS. Live Nation Entertainment’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Live Nation Entertainment will post 1.11 earnings per share for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, CAO Brian Capo sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $184.00, for a total value of $533,600.00. Following the completion of the transaction, the chief accounting officer directly owned 8,655 shares in the company, valued at $1,592,520. This represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.89% of the company’s stock.

Institutional Investors Weigh In On Live Nation Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Nissay Asset Management Corp Japan raised its position in shares of Live Nation Entertainment by 0.3% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 21,068 shares of the company’s stock valued at $3,858,000 after buying an additional 66 shares in the last quarter. MCF Advisors LLC grew its position in Live Nation Entertainment by 7.7% in the second quarter. MCF Advisors LLC now owns 1,188 shares of the company’s stock worth $218,000 after acquiring an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Live Nation Entertainment by 1.6% in the second quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $1,041,000 after acquiring an additional 89 shares in the last quarter. Wedmont Private Capital increased its stake in Live Nation Entertainment by 6.9% during the third quarter. Wedmont Private Capital now owns 1,427 shares of the company’s stock worth $245,000 after acquiring an additional 92 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Live Nation Entertainment by 1.9% during the first quarter. Arkadios Wealth Advisors now owns 5,361 shares of the company’s stock worth $818,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

Key Live Nation Entertainment News

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Morgan Stanley raised its price target from $200 to $215 and maintained an Overweight rating, implying substantial potential upside from current levels. Morgan Stanley raises Live Nation price target
• Positive Sentiment: BTIG reaffirmed its Buy rating and set a $215 price target, signaling continued confidence in Live Nation’s concert and live-events outlook. BTIG maintains Buy rating on Live Nation
• Positive Sentiment: Live Nation completed a note sale and extended its credit facilities to 2031, potentially improving financing flexibility and reducing near-term refinancing pressure. Live Nation closes note sale and extends credit
• Neutral Sentiment: MarketWatch reported that LYV gained during Tuesday’s session but underperformed its competitors, suggesting the broader market move was not accompanied by strong relative buying interest. Live Nation stock underperforms competitors
• Negative Sentiment: CFRA downgraded Live Nation to Sell and separately reaffirmed that rating, creating a significant counterweight to the bullish $215 targets and likely limiting enthusiasm for the stock. CFRA downgrades Live Nation to Sell

About Live Nation Entertainment

Live Nation Entertainment, Inc is a global live entertainment company that promotes, produces and operates concerts, music festivals and other live events. Through its Live Nation Concerts business, the company works with artists and manages event production, marketing and venue operations across a broad range of musical genres.

The company also operates Ticketmaster, a ticketing platform that provides ticket sales, distribution and related services for concerts, sports events, performing arts programs and other live entertainment.