HC Wainwright Weighs in on LiveOne, Inc.’s Q3 2023 Earnings (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVOGet Rating) – HC Wainwright issued their Q3 2023 earnings per share estimates for LiveOne in a report issued on Monday, November 21st. HC Wainwright analyst K. Dede expects that the company will post earnings of ($0.04) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.06) per share. HC Wainwright also issued estimates for LiveOne’s Q4 2023 earnings at ($0.01) EPS, FY2023 earnings at ($0.06) EPS and FY2024 earnings at ($0.03) EPS.

Separately, Alliance Global Partners decreased their price target on LiveOne from $5.00 to $3.50 in a research note on Friday, November 11th.

LiveOne Stock Performance

Shares of LiveOne stock opened at $0.73 on Wednesday. The business’s 50 day simple moving average is $0.76 and its 200 day simple moving average is $0.91. LiveOne has a 52-week low of $0.56 and a 52-week high of $2.18. The firm has a market cap of $61.57 million, a PE ratio of -2.61 and a beta of 1.37.

Institutional Trading of LiveOne

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in shares of LiveOne by 28.1% in the 1st quarter. GSA Capital Partners LLP now owns 356,595 shares of the company’s stock valued at $291,000 after purchasing an additional 78,319 shares in the last quarter. Bank of New York Mellon Corp boosted its position in LiveOne by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 192,101 shares of the company’s stock valued at $157,000 after buying an additional 18,070 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of LiveOne by 48.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,034,688 shares of the company’s stock worth $844,000 after buying an additional 339,342 shares during the last quarter. Easterly Investment Partners LLC acquired a new position in shares of LiveOne during the first quarter worth $69,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of LiveOne by 123.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 144,693 shares of the company’s stock valued at $119,000 after acquiring an additional 80,055 shares during the last quarter. 24.51% of the stock is owned by institutional investors.

About LiveOne

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LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.

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