LiveWire Group (NYSE:LVWR) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• LiveWire Group was upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• The company's stock fell 13.9% recently, opening at $3.23, with a market cap of $657.53 million.
• Insider trading activity saw significant sales, with CEO Karim Donnez selling over 54,000 shares, indicating a 5.24% decrease in ownership.

LiveWire Group (NYSE:LVWR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

LiveWire Group Stock Performance

LiveWire Group stock traded up $0.03 during midday trading on Friday, reaching $3.40. 18,619 shares of the company were exchanged, compared to its average volume of 1,764,301. The company has a market capitalization of $691.12 million, a price-to-earnings ratio of -8.49 and a beta of 1.69. The firm's 50-day simple moving average is $4.54 and its 200-day simple moving average is $2.99. LiveWire Group has a 1 year low of $0.93 and a 1 year high of $9.04.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative net margin of 350.82% and a negative return on equity of 71.64%. The firm had revenue of $5.87 million during the quarter.

Insider Transactions at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 54,661 shares of LiveWire Group stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5.50, for a total transaction of $300,635.50. Following the transaction, the chief executive officer directly owned 989,120 shares in the company, valued at approximately $5,440,160. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan Ragland sold 6,891 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $7.11, for a total value of $48,995.01. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,896 shares of company stock valued at $1,943,431 over the last three months. 2.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after acquiring an additional 36,357 shares during the last quarter. Nuveen LLC bought a new stake in LiveWire Group in the first quarter valued at about $43,000. Wexford Capital LP bought a new stake in shares of LiveWire Group in the fourth quarter worth about $87,000. Finally, Rhumbline Advisers increased its holdings in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after acquiring an additional 3,167 shares in the last quarter. 0.88% of the stock is owned by 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.