LiveOne (NASDAQ:LVO) Stock Price Up 0.9% - Time to Buy?

Key Points

• The share price rose 0.9% intraday to $4.68 (high $4.85) on lower-than-average volume — about 55,183 shares traded, down 25% from the 73,235 average.
• Analysts are mixed: two Buys and one Sell result in an average rating of Hold with an average target price of $12.50.
• LiveOne beat the quarter's estimates with EPS of ($0.37) vs. ($0.45) expected and revenue of $20.26M vs. $19.29M, but the company remains unprofitable (market cap ≈ $54.5M, P/E -2.24) and is forecast to post about -0.1 EPS for the year.

LiveOne, Inc. (NASDAQ:LVO - Get Free Report)'s share price rose 0.9% during mid-day trading on Thursday . The stock traded as high as $4.85 and last traded at $4.68. Approximately 55,183 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 73,235 shares. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

LVO has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LiveOne in a research note on Thursday, January 22nd. Alliance Global Partners reissued a "buy" rating and set a $12.00 target price on shares of LiveOne in a research report on Thursday, February 12th. Finally, Wall Street Zen raised shares of LiveOne from a "sell" rating to a "hold" rating in a research report on Sunday, February 22nd. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.50.

LiveOne Stock Performance

The firm has a market capitalization of $54.52 million, a P/E ratio of -2.24 and a beta of 1.58. The business's fifty day moving average price is $5.04 and its two-hundred day moving average price is $4.78.

LiveOne (NASDAQ:LVO - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.37) earnings per share for the quarter, beating analysts' consensus estimates of ($0.45) by $0.08. The firm had revenue of $20.26 million during the quarter, compared to the consensus estimate of $19.29 million. Sell-side analysts predict that LiveOne, Inc. will post -0.1 earnings per share for the current year.

Institutional Trading of LiveOne

Institutional investors have recently bought and sold shares of the stock. Beacon Financial Advisory LLC acquired a new stake in LiveOne in the 3rd quarter worth approximately $97,000. State Street Corp boosted its stake in LiveOne by 28.2% in the 4th quarter. State Street Corp now owns 33,626 shares of the company's stock worth $159,000 after purchasing an additional 7,399 shares in the last quarter. Bank of America Corp DE boosted its stake in LiveOne by 35.4% in the 4th 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 in the last quarter. Renaissance Technologies LLC lifted its stake in LiveOne by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 64,408 shares of the company's stock valued at $304,000 after acquiring an additional 2,300 shares during the period. Finally, Jane Street Group LLC acquired a new stake in LiveOne during the 4th quarter valued at approximately $386,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.

About LiveOne

LiveOne, Inc NASDAQ: LVO is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.