LiveOne (NASDAQ:LVO) Stock Rating Upgraded by Wall Street Zen

LiveOne (NASDAQ:LVO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

LiveOne Stock Down 1.2%

LVO stock opened at $0.89 on Friday. The company has a market cap of $85.90 million, a P/E ratio of -4.97 and a beta of 1.62. LiveOne has a twelve month low of $0.55 and a twelve month high of $1.82. The business has a fifty day moving average of $0.79 and a 200-day moving average of $0.89.

LiveOne (NASDAQ:LVO - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $19.29 million during the quarter, compared to the consensus estimate of $22.80 million. As a group, equities research analysts anticipate that LiveOne will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LVO. Fleming James B JR bought a new position in shares of LiveOne during the 4th quarter worth approximately $2,699,000. Northern Trust Corp boosted its stake in shares of LiveOne by 4.6% during the 4th quarter. Northern Trust Corp now owns 637,675 shares of the company's stock worth $937,000 after acquiring an additional 27,890 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of LiveOne by 678.0% during the 4th quarter. JPMorgan Chase & Co. now owns 255,066 shares of the company's stock worth $375,000 after acquiring an additional 222,282 shares during the period. Alpine Global Management LLC boosted its stake 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 acquiring an additional 50,000 shares during the period. Finally, Pingora Partners LLC boosted its stake 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 acquiring an additional 112,385 shares during the period. 21.25% of the stock is owned by institutional investors and hedge funds.

LiveOne Company 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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