BlackRock Inc. Acquires New Stake in LiveWire Group, Inc. $LVWR

Key Points

• BlackRock acquired 1.19 million LiveWire Group shares worth approximately $1.33 million, representing a 0.58% stake. Other institutions, including Vanguard and Geode Capital, also increased their positions.
• LiveWire reported a quarterly loss of $0.09 per share on revenue of $9.12 million, with sharply negative margins and return on equity. The stock opened at $1.28 and has traded between $0.65 and $6.44 over the past year.
• Insiders sold shares, including CEO Karim Donnez, who sold 230,557 shares, while analysts remain cautious: LiveWire has a consensus “Sell” rating.

BlackRock Inc. bought a new position in shares of LiveWire Group, Inc. (NYSE:LVWR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,188,790 shares of the company's stock, valued at approximately $1,331,000. BlackRock Inc. owned 0.58% of LiveWire Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company's stock valued at $2,598,000 after purchasing an additional 285,850 shares during the last quarter. Geode Capital Management LLC lifted its position in LiveWire Group by 102.0% during the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company's stock worth $2,014,000 after acquiring an additional 221,071 shares during the period. GSA Capital Partners LLP purchased a new stake in LiveWire Group in the second quarter valued at approximately $114,000. Rhumbline Advisers lifted its stake in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company's stock valued at $279,000 after acquiring an additional 43,080 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in LiveWire Group during the second quarter valued at $47,000. 0.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeremiah Nienhuis sold 10,732 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $2.38, for a total value of $25,542.16. Following the completion of the sale, the insider directly owned 110,608 shares of the company's stock, valued at $263,247.04. The trade was a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Karim Donnez sold 230,557 shares of LiveWire Group stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $2.33, for a total transaction of $537,197.81. Following the completion of the transaction, the chief executive officer directly owned 1,344,076 shares in the company, valued at $3,131,697.08. The trade was a 14.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 241,505 shares of company stock valued at $563,226. Insiders own 0.38% of the company's stock.

LiveWire Group Price Performance

NYSE:LVWR opened at $1.28 on Monday. LiveWire Group, Inc. has a 52 week low of $0.65 and a 52 week high of $6.44. The company has a quick ratio of 3.41, a current ratio of 4.16 and a debt-to-equity ratio of 6.44. The stock's fifty day moving average is $1.19 and its two-hundred day moving average is $1.43. The stock has a market capitalization of $262.92 million, a price-to-earnings ratio of -3.46 and a beta of 1.61.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative return on equity of 198.18% and a negative net margin of 234.48%.The firm had revenue of $9.12 million for the quarter.

Analyst Upgrades and Downgrades

LVWR has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of LiveWire Group in a research report on Friday, July 17th. Wall Street Zen raised shares of LiveWire Group to a "hold" rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

LiveWire Group Company Profile

LiveWire Group Inc NYSE: LVWR is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.

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