LiveWire Group (NYSE:LVWR - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, Zacks reports. The company had revenue of $5.87 million during the quarter. LiveWire Group had a negative return on equity of 71.64% and a negative net margin of 350.82%.
LiveWire Group Trading Down 0.4%
LiveWire Group stock traded down $0.01 during trading hours on Tuesday, hitting $3.32. 23,738 shares of the stock traded hands, compared to its average volume of 1,775,631. The firm's 50-day moving average price is $4.48 and its two-hundred day moving average price is $3.00. The company has a market cap of $675.45 million, a PE ratio of -8.29 and a beta of 1.69. LiveWire Group has a one year low of $0.93 and a one year high of $9.04.
Analysts Set New Price Targets
Separately, Wall Street Zen raised LiveWire Group from a "sell" rating to a "hold" rating in a research note on Saturday.
Read Our Latest Analysis on LiveWire Group
Insider Buying and Selling at LiveWire Group
In other LiveWire Group news, Director John L. Garcia sold 56,559 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $6.47, for a total transaction of $365,936.73. Following the completion of the transaction, the director owned 2,698,722 shares of the company's stock, valued at $17,460,731.34. This represents a 2.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan Ragland sold 6,891 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $7.11, for a total transaction of $48,995.01. Following the transaction, the insider directly owned 127,625 shares of the company's stock, valued at $907,413.75. This trade represents a 5.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,896 shares of company stock worth $1,943,431. 2.05% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in LiveWire Group stock. Rhumbline Advisers raised its position in LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 21.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,655 shares of the company's stock after purchasing an additional 3,167 shares during the quarter. Rhumbline Advisers' holdings in LiveWire Group were worth $35,000 as of its most recent SEC filing. 0.88% of the stock is currently owned by institutional investors and hedge funds.
LiveWire Group Company Profile
(
Get Free Report)
LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.
Further Reading

Before you consider LiveWire Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LiveWire Group wasn't on the list.
While LiveWire Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.