LiveOne (NASDAQ:LVO - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02, Zacks reports.
LiveOne Stock Down 2.2%
NASDAQ LVO opened at $0.84 on Wednesday. The company has a market capitalization of $81.10 million, a price-to-earnings ratio of -6.19 and a beta of 1.64. The stock has a fifty day simple moving average of $0.75 and a 200 day simple moving average of $0.91. LiveOne has a twelve month low of $0.55 and a twelve month high of $1.82.
Institutional Investors Weigh In On LiveOne
A hedge fund recently raised its stake in LiveOne stock. Acadian Asset Management LLC increased its stake in LiveOne, Inc. (NASDAQ:LVO - Free Report) by 2,891.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,490 shares of the company's stock after acquiring an additional 142,560 shares during the quarter. Acadian Asset Management LLC owned 0.15% of LiveOne worth $101,000 at the end of the most recent reporting period. 21.25% of the stock is currently owned by institutional investors.
About LiveOne
(
Get Free Report)
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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