Susquehanna Begins Coverage on Live Nation Entertainment (NYSE:LYV)

Susquehanna assumed coverage on shares of Live Nation Entertainment (NYSE:LYV - Free Report) in a research note published on Monday morning, MarketBeat reports. The firm issued a positive rating and a $155.00 price objective on the stock.

Several other equities research analysts have also weighed in on LYV. Rosenblatt Securities reissued a "buy" rating and set a $174.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. The Goldman Sachs Group boosted their price objective on shares of Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Bank of America increased their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Benchmark reiterated a "buy" rating and set a $178.00 target price on shares of Live Nation Entertainment in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Live Nation Entertainment presently has an average rating of "Moderate Buy" and an average target price of $159.13.

Live Nation Entertainment Stock Up 2.1 %

NYSE:LYV traded up $2.77 during mid-day trading on Monday, hitting $134.11. The stock had a trading volume of 3,356,734 shares, compared to its average volume of 2,250,515. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a twelve month low of $86.81 and a twelve month high of $157.75. The company has a market capitalization of $31.30 billion, a PE ratio of 49.31, a PEG ratio of 1.81 and a beta of 1.31. The stock has a 50-day simple moving average of $128.60 and a two-hundred day simple moving average of $132.12.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.29). The firm had revenue of $3.38 billion for the quarter, compared to analysts' expectations of $3.63 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. Live Nation Entertainment's revenue for the quarter was down 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts anticipate that Live Nation Entertainment will post 2.38 EPS for the current year.

Insider Buying and Selling at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,066 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the transaction, the chief accounting officer now directly owns 10,549 shares of the company's stock, valued at approximately $1,300,058.76. This represents a 32.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the sale, the executive vice president now directly owns 195,346 shares of the company's stock, valued at $30,356,768.40. This represents a 24.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,702 shares of company stock valued at $10,497,143. 2.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Live Nation Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Measured Risk Portfolios Inc. purchased a new stake in Live Nation Entertainment during the fourth quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Live Nation Entertainment during the 1st quarter worth approximately $30,000. Chilton Capital Management LLC acquired a new stake in shares of Live Nation Entertainment in the 1st quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in Live Nation Entertainment in the 4th quarter valued at approximately $40,000. Finally, Golden State Wealth Management LLC acquired a new position in Live Nation Entertainment during the fourth quarter worth $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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.