LiveWire Group (NYSE:LVWR) Posts Earnings Results

Key Points

• LiveWire Group reported a quarterly earnings loss of ($0.09) per share and generated $5.87 million in revenue, accompanied by a negative return on equity of 71.64% and a net margin of 350.82%.
• The company's stock currently has a market capitalization of $672.80 million and a P/E ratio of -8.34, with shares trading around $3.31.
• Insiders have sold a total of 276,896 shares valued at approximately $1.94 million over the past three months, indicating potential concerns about the company's future performance.

LiveWire Group (NYSE:LVWR - Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. LiveWire Group had a negative return on equity of 71.64% and a negative net margin of 350.82%. The business had revenue of $5.87 million during the quarter.

LiveWire Group Stock Performance

NYSE LVWR traded down $0.45 during mid-day trading on Friday, reaching $3.31. 59,783 shares of the stock were exchanged, compared to its average volume of 1,798,689. The business's 50 day moving average is $4.43 and its 200-day moving average is $3.02. LiveWire Group has a 1 year low of $0.93 and a 1 year high of $9.04. The company has a market capitalization of $672.80 million, a P/E ratio of -8.34 and a beta of 1.71.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of LiveWire Group to a "sell" rating in a report on Saturday, June 14th.

Insider Activity

In related news, CFO Tralisa Maraj sold 25,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $8.60, for a total transaction of $215,000.00. Following the sale, the chief financial officer directly owned 324,771 shares of the company's stock, valued at approximately $2,793,030.60. This represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William L. Cornog sold 40,000 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $7.62, for a total transaction of $304,800.00. Following the transaction, the director directly owned 196,739 shares in the company, valued at approximately $1,499,151.18. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 276,896 shares of company stock valued at $1,943,431 in the last three months. Corporate insiders own 2.05% of the company's stock.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Rhumbline Advisers increased its position in shares of LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,655 shares of the company's stock after purchasing an additional 3,167 shares during the period. Rhumbline Advisers' holdings in LiveWire Group were worth $35,000 at the end of the most recent quarter. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

About LiveWire Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.