LiveOne, Inc. (NASDAQ:LVO) Short Interest Update

LiveOne, Inc. (NASDAQ:LVO) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 281,424 shares, a growth of 129.6% from the July 30th total of 122,578 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 68,034 shares, the short-interest ratio is presently 4.1 days.

Wall Street Analysts Forecast Growth

LVO has been the topic of several research reports. UBS Group set a $8.00 price objective on LiveOne in a research note on Wednesday, August 12th. Alliance Global Partners reiterated a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Finally, Wall Street Zen raised LiveOne from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

Institutional Trading of LiveOne

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in 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 purchasing an additional 15,574 shares during the period. Acadian Asset Management LLC increased its position in LiveOne by 2,891.7% in the first quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock worth $101,000 after buying an additional 142,560 shares during the period. Marshall Wace LLP bought a new stake in LiveOne in the second quarter valued at $174,000. Qube Research & Technologies Ltd bought a new stake in LiveOne in the second quarter valued at $87,000. Finally, Jane Street Group LLC acquired a new position in shares of LiveOne during the second quarter valued at $247,000. Institutional investors own 21.25% of the company’s stock.

LiveOne Stock Performance

Shares of NASDAQ LVO traded down $0.09 during midday trading on Friday, hitting $3.87. The company’s stock had a trading volume of 35,059 shares, compared to its average volume of 59,467. LiveOne has a 1-year low of $3.58 and a 1-year high of $7.19. The firm’s fifty day moving average price is $4.82 and its 200-day moving average price is $5.23. The firm has a market cap of $53.06 million, a P/E ratio of -2.21 and a beta of 1.66.

LiveOne (NASDAQ:LVO) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.03. The business had revenue of $19.35 million for the quarter, compared to analyst estimates of $21.23 million. As a group, research analysts predict that LiveOne will post -1.21 earnings per share for the current fiscal year.

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.