Shares of LiveOne, Inc. (NASDAQ:LVO – Get Free Report) crossed above its 50 day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a 50 day moving average of $2.84 and traded as high as $3.29. LiveOne shares last traded at $2.91, with a volume of 75,511 shares.
The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.04). The company had revenue of $17.97 million during the quarter, compared to analyst estimates of $19.90 million.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on LVO shares. UBS Group set a $8.00 price objective on shares of LiveOne in a research note on Wednesday, August 12th. Wall Street Zen raised shares of LiveOne from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings downgraded shares of LiveOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.00.
Read Our Latest Analysis on LVO
Institutional Trading of LiveOne
An institutional investor recently bought a new position in LiveOne stock. Integrated Wealth Concepts LLC purchased a new position in LiveOne, Inc. (NASDAQ:LVO – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,262 shares of the company’s stock, valued at approximately $53,000. Integrated Wealth Concepts LLC owned approximately 0.06% of LiveOne as of its most recent filing with the Securities & Exchange Commission. 21.25% of the stock is currently owned by hedge funds and other institutional investors.
LiveOne Stock Up 4.7%
The firm has a market cap of $39.90 million, a price-to-earnings ratio of -1.66 and a beta of 1.81. The company has a 50 day moving average of $2.84 and a 200 day moving average of $4.56.
LiveOne Company Profile
LiveOne, Inc. (NASDAQ: LVO) is a digital media and entertainment company that develops and distributes music, podcasting, and live-event content. Its offerings are designed to provide consumers with access to streaming audio, original programming, digital radio, and interactive entertainment experiences across connected devices. The company operates the LiveOne platform, which features music and live entertainment programming, including livestreamed concerts, festivals, and other artist-focused events.
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