LiveWire Group (NYSE:LVWR) Sets New 12-Month High - Here's What Happened

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $9.04 and last traded at $8.44, with a volume of 898397 shares. The stock had previously closed at $7.48.

Analysts Set New Price Targets

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

LiveWire Group Trading Down 10.2%

The stock's 50-day moving average is $2.60 and its 200-day moving average is $3.21. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -12.22 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.74 million for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%.

Insider Transactions at LiveWire Group

In related news, insider Ryan Ragland sold 6,891 shares of the stock in a transaction on 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 now directly owns 127,625 shares of the company's stock, valued at $907,413.75. This represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Garcia sold 56,559 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $6.47, for a total transaction of $365,936.73. Following the transaction, the director now directly owns 2,698,722 shares in the company, valued at approximately $17,460,731.34. This represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 222,235 shares of company stock worth $1,642,796. Company insiders own 2.05% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LVWR. Rhumbline Advisers lifted 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 valued at $35,000 after purchasing an additional 3,167 shares in the last quarter. Nuveen LLC purchased a new stake in LiveWire Group during the first quarter worth about $43,000. Wexford Capital LP bought a new position in LiveWire Group during the fourth quarter worth about $87,000. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 36,357 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock worth $224,000 after purchasing an additional 5,968 shares during the period. Institutional investors and hedge funds own 0.88% of the company's stock.

LiveWire Group Company Profile

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.