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LiveOne (NASDAQ:LVO) Upgraded to Hold at Wall Street Zen

LiveOne logo with Consumer Discretionary background

Wall Street Zen upgraded shares of LiveOne (NASDAQ:LVO - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

LiveOne Stock Performance

Shares of NASDAQ LVO traded down $0.08 during mid-day trading on Friday, reaching $0.77. The company had a trading volume of 686,408 shares, compared to its average volume of 509,861. The company has a market capitalization of $73.69 million, a price-to-earnings ratio of -4.26 and a beta of 1.62. The stock has a fifty day moving average of $0.79 and a two-hundred day moving average of $0.88. LiveOne has a 12-month low of $0.55 and a 12-month high of $1.82.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its stake in LiveOne by 2,891.7% in the first quarter. Acadian Asset Management LLC now owns 147,490 shares of the company's stock valued at $101,000 after acquiring an additional 142,560 shares during the last quarter. Pingora Partners LLC raised its holdings in shares of LiveOne by 175.5% during the 1st quarter. Pingora Partners LLC now owns 176,425 shares of the company's stock valued at $123,000 after purchasing an additional 112,385 shares in the last quarter. Alpine Global Management LLC lifted its stake in shares of LiveOne by 33.3% in the 1st quarter. Alpine Global Management LLC now owns 200,000 shares of the company's stock valued at $140,000 after purchasing an additional 50,000 shares during the last quarter. Nuveen LLC acquired a new stake in shares of LiveOne in the 1st quarter valued at $63,000. Finally, XTX Topco Ltd boosted its holdings in LiveOne by 63.3% in the first quarter. XTX Topco Ltd now owns 98,207 shares of the company's stock worth $69,000 after purchasing an additional 38,056 shares in the last quarter. Hedge funds and other institutional investors own 21.25% of the company's stock.

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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