Maxim Group began coverage on shares of Livexlive Media (NASDAQ:LIVX) in a research report issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other research analysts have also recently commented on LIVX. Zacks Investment Research raised shares of Livexlive Media from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Saturday, February 16th. HC Wainwright reissued a “buy” rating and set a $10.00 target price on shares of Livexlive Media in a research report on Thursday, January 24th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $7.42.
LIVX stock traded up $0.09 during midday trading on Monday, reaching $6.31. 55,199 shares of the company’s stock traded hands, compared to its average volume of 88,180. The stock has a market cap of $324.03 million, a price-to-earnings ratio of -13.15 and a beta of 1.23. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.55. Livexlive Media has a fifty-two week low of $2.52 and a fifty-two week high of $11.11.
Livexlive Media (NASDAQ:LIVX) last announced its quarterly earnings results on Tuesday, February 12th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The firm had revenue of $8.96 million for the quarter, compared to analysts’ expectations of $9.01 million. Livexlive Media had a negative net margin of 117.50% and a negative return on equity of 134.46%. On average, equities analysts forecast that Livexlive Media will post -0.73 EPS for the current fiscal year.
In other news, CEO Robert S. Ellin bought 4,800 shares of Livexlive Media stock in a transaction dated Friday, February 15th. The shares were acquired at an average cost of $5.84 per share, with a total value of $28,032.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert S. Ellin bought 4,677 shares of Livexlive Media stock in a transaction dated Tuesday, February 26th. The shares were purchased at an average cost of $6.53 per share, for a total transaction of $30,540.81. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 52,595 shares of company stock worth $241,451. Corporate insiders own 37.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of Livexlive Media by 508.2% during the fourth quarter. American International Group Inc. now owns 19,388 shares of the company’s stock worth $96,000 after purchasing an additional 16,200 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Livexlive Media during the fourth quarter worth $164,000. 1492 Capital Management LLC acquired a new position in shares of Livexlive Media during the fourth quarter worth $210,000. Tibra Equities Europe Ltd acquired a new position in shares of Livexlive Media during the fourth quarter worth $263,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Livexlive Media by 210.4% during the fourth quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock worth $390,000 after purchasing an additional 53,276 shares in the last quarter. 21.42% of the stock is currently owned by institutional investors and hedge funds.
Livexlive Media Company Profile
LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.
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