LiveWire Group (NYSE:LVWR) Insider Jeremiah Nienhuis Sells 10,732 Shares

LiveWire Group, Inc. (NYSE:LVWR) insider Jeremiah Nienhuis sold 10,732 shares of LiveWire Group stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $2.38, for a total value of $25,542.16. Following the completion of the sale, the insider owned 110,608 shares of the company’s stock, valued at approximately $263,247.04. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LiveWire Group Price Performance

Shares of LVWR opened at $1.76 on Friday. LiveWire Group, Inc. has a 52-week low of $0.65 and a 52-week high of $6.44. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.60 and a current ratio of 4.29. The business’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.68. The firm has a market cap of $360.66 million, a PE ratio of -4.77 and a beta of 1.71.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Thursday, July 23rd. The company reported ($0.09) EPS for the quarter. The company had revenue of $9.12 million for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently modified their holdings of LVWR. Vanguard Group Inc. raised its position in shares of LiveWire Group by 109.4% during the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after purchasing an additional 285,850 shares during the period. Geode Capital Management LLC grew its position in LiveWire Group by 102.0% in the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock valued at $2,014,000 after purchasing an additional 221,071 shares during the period. UBS Group AG grew its position in LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock valued at $760,000 after purchasing an additional 17,672 shares during the period. State of Wisconsin Investment Board increased its stake in LiveWire Group by 30.2% during the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after purchasing an additional 43,080 shares in the last quarter. Institutional investors own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LVWR. Wall Street Zen raised shares of LiveWire Group to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, LiveWire Group presently has an average rating of “Sell”.

About LiveWire Group

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.