LiveWire Group (NYSE:LVWR) Receives "Sell (E+)" Rating from Weiss Ratings

Key Points

• LiveWire Group's stock has been issued a "Sell (E+)" rating by Weiss Ratings, reflecting ongoing concerns about its performance.
• Institutional investors have shown significant activity, with Tower Research Capital boosting its position in LiveWire Group by 119.5% during the second quarter.
• The company's most recent earnings report indicated a negative net margin of 350.82% with earnings per share of ($0.09) for the quarter.

LiveWire Group (NYSE:LVWR - Get Free Report)'s stock had its "sell (e+)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of LiveWire Group from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, LiveWire Group presently has an average rating of "Sell".

LiveWire Group Stock Performance

LVWR stock opened at $4.86 on Wednesday. The firm has a fifty day moving average price of $4.23 and a 200 day moving average price of $3.52. LiveWire Group has a fifty-two week low of $0.93 and a fifty-two week high of $9.04. The firm has a market cap of $989.97 million, a PE ratio of -12.15 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its earnings results 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 77.81%. The business had revenue of $5.87 million during the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of LiveWire Group by 119.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company's stock worth $49,000 after purchasing an additional 5,812 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LiveWire Group by 84.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company's stock valued at $92,000 after acquiring an additional 9,210 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of LiveWire Group in the second quarter valued at about $60,000. Rhumbline Advisers raised its holdings in LiveWire Group by 244.0% in the second quarter. Rhumbline Advisers now owns 60,735 shares of the company's stock worth $279,000 after purchasing an additional 43,080 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in LiveWire Group in the second quarter worth about $35,000. 0.88% of the stock is 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.