Wall Street Zen lowered shares of LiveOne (NASDAQ:LVO - Free Report) from a hold rating to a sell rating in a research note published on Sunday.
LiveOne Stock Up 2.6%
Shares of NASDAQ:LVO traded up $0.02 during midday trading on Friday, reaching $0.77. 4,127,313 shares of the company traded hands, compared to its average volume of 525,868. LiveOne has a 12 month low of $0.55 and a 12 month high of $1.82. The firm has a market capitalization of $73.98 million, a price-to-earnings ratio of -4.28 and a beta of 1.62. The firm's fifty day moving average price is $0.80 and its two-hundred day moving average price is $0.87.
LiveOne (NASDAQ:LVO - Get Free Report) last posted its earnings results on Wednesday, June 18th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $19.29 million for the quarter, compared to analysts' expectations of $22.80 million. Analysts forecast that LiveOne will post -0.1 earnings per share for the current year.
Hedge Funds Weigh In On LiveOne
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LVO. Bank of New York Mellon Corp grew its position in LiveOne by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 163,787 shares of the company's stock worth $241,000 after buying an additional 10,425 shares in the last quarter. Fleming James B JR purchased a new position in shares of LiveOne in the 4th quarter worth about $2,699,000. JPMorgan Chase & Co. boosted its holdings in shares of LiveOne by 678.0% in the 4th quarter. JPMorgan Chase & Co. now owns 255,066 shares of the company's stock worth $375,000 after purchasing an additional 222,282 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of LiveOne by 55.5% in the 4th quarter. Wells Fargo & Company MN now owns 38,201 shares of the company's stock worth $56,000 after purchasing an additional 13,629 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of LiveOne in the 4th quarter worth about $83,000. 21.25% of the stock is currently owned by hedge funds and other institutional investors.
About LiveOne
(
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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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