LiveWire Group (NYSE:LVWR) Rating Increased to Hold at Wall Street Zen

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 Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

LiveWire Group Stock Up 2.9%

NYSE:LVWR traded up $0.10 on Friday, reaching $3.35. The stock had a trading volume of 82,804 shares, compared to its average volume of 1,787,636. The company has a market capitalization of $680.93 million, a P/E ratio of -8.36 and a beta of 1.70. LiveWire Group has a 1-year low of $0.93 and a 1-year high of $9.04. The stock has a fifty day moving average price of $4.48 and a 200-day moving average price of $3.00.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.09) EPS for the quarter. 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 for the quarter.

Insider Buying and Selling

In other news, insider Ryan Ragland sold 6,891 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $7.11, for a total value of $48,995.01. Following the completion of the sale, the insider directly owned 127,625 shares in the company, valued at approximately $907,413.75. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Karim Donnez sold 54,661 shares of LiveWire Group stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5.50, for a total value of $300,635.50. Following the completion of the sale, the chief executive officer owned 989,120 shares of the company's stock, valued at approximately $5,440,160. The trade was a 5.24% 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 90 days. 2.05% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiveWire Group

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its position in shares of LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after purchasing an additional 3,167 shares during the period. Nuveen LLC acquired a new position in shares of LiveWire Group during the first quarter worth about $43,000. Wexford Capital LP bought a new position in shares of LiveWire Group during the fourth quarter worth about $87,000. Finally, JPMorgan Chase & Co. raised its position in LiveWire Group by 120.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock valued at $320,000 after buying an additional 36,357 shares during the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.