Live Nation Entertainment (NYSE:LYV) Receives Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a report issued on Tuesday, Benzinga reports. They currently have a $120.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen reissued a buy rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Oppenheimer boosted their price objective on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an outperform rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of Live Nation Entertainment from $124.00 to $126.00 and gave the stock an overweight rating in a research note on Friday, February 23rd. Morgan Stanley boosted their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an overweight rating in a research note on Friday, February 23rd. Finally, Rosenblatt Securities dropped their price objective on shares of Live Nation Entertainment from $124.00 to $119.00 and set a buy rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Live Nation Entertainment currently has a consensus rating of Moderate Buy and an average price target of $116.30.

Live Nation Entertainment Price Performance

Shares of NYSE LYV opened at $90.08 on Tuesday. Live Nation Entertainment has a 1 year low of $64.96 and a 1 year high of $107.24. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $99.04 and its 200 day moving average is $91.54. The stock has a market capitalization of $20.79 billion, a P/E ratio of 67.73 and a beta of 1.30.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.09). Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $4.72 billion. On average, sell-side analysts expect that Live Nation Entertainment will post 1.63 earnings per share for the current year.

Insider Activity at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the transaction, the director now owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LYV. Creative Financial Designs Inc. ADV increased its holdings in Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in Live Nation Entertainment during the third quarter valued at approximately $33,000. Rise Advisors LLC increased its holdings in Live Nation Entertainment by 90.3% during the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after buying an additional 159 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Live Nation Entertainment by 9,800.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after buying an additional 490 shares during the last quarter. Finally, Tobam purchased a new stake in Live Nation Entertainment during the fourth quarter valued at approximately $59,000. Institutional investors own 74.52% of the company’s stock.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.