LiveOne, Inc. $LVO Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in LiveOne, Inc. by 38.8%, selling 82,067 shares, which leaves them holding 0.13% of the company valued at $90,000.
• LiveOne's stock has experienced a decline of 8.2%, with its current market price at $4.13, significantly lower than its 52-week high of $16.00.
• Analyst ratings for LiveOne have been mixed, with Roth Capital lowering the price target from $15.00 to $13.00, while the average rating remains a "Buy" with a target price of $14.00.

Goldman Sachs Group Inc. trimmed its holdings in shares of LiveOne, Inc. (NASDAQ:LVO - Free Report) by 38.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,210 shares of the company's stock after selling 82,067 shares during the period. Goldman Sachs Group Inc. owned 0.13% of LiveOne worth $90,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LVO. Bank of America Corp DE raised its holdings in shares of LiveOne by 35.4% during the fourth quarter. Bank of America Corp DE now owns 59,595 shares of the company's stock worth $88,000 after purchasing an additional 15,574 shares during the period. XTX Topco Ltd raised its stake in LiveOne by 63.3% during the first quarter. XTX Topco Ltd now owns 98,207 shares of the company's stock worth $69,000 after acquiring an additional 38,056 shares during the period. Nuveen LLC acquired a new stake in shares of LiveOne during the 1st quarter worth approximately $63,000. Alpine Global Management LLC raised its position in shares of LiveOne by 33.3% during the 1st quarter. Alpine Global Management LLC now owns 200,000 shares of the company's stock worth $140,000 after purchasing an additional 50,000 shares during the period. Finally, Pingora Partners LLC raised its position in shares of LiveOne by 175.5% during the 1st quarter. Pingora Partners LLC now owns 176,425 shares of the company's stock worth $123,000 after purchasing an additional 112,385 shares during the period. 21.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LVO has been the topic of a number of analyst reports. Wall Street Zen cut shares of LiveOne from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Roth Capital cut their price target on LiveOne from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, September 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, LiveOne currently has an average rating of "Buy" and an average target price of $14.00.

LiveOne Stock Down 8.2%

NASDAQ:LVO opened at $4.13 on Wednesday. The business's 50-day moving average price is $5.72 and its 200 day moving average price is $6.89. The firm has a market cap of $47.62 million, a P/E ratio of -2.07 and a beta of 1.78. LiveOne, Inc. has a 52-week low of $4.02 and a 52-week high of $16.00.

LiveOne (NASDAQ:LVO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.10. The business had revenue of $19.21 million during the quarter, compared to analyst estimates of $24.30 million. Sell-side analysts expect that LiveOne, Inc. will post -0.1 EPS for the current year.

LiveOne Profile

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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