LiveWire Group (NYSE:LVWR) Shares Gap Down - Should You Sell?

Key Points

• LiveWire Group's stock gapped down from $3.96 to $3.75 before opening, with a last traded price of $4.01 and a market cap of approximately $913.83 million.
• Wall Street analysts have issued a "sell" rating on LiveWire Group, as indicated by a recent report from Wall Street Zen.
• Insider sales are notable, with the CFO selling 25,000 shares and a director selling over 56,000 shares, suggesting potential concerns about the company's future performance.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.96, but opened at $3.75. LiveWire Group shares last traded at $4.01, with a volume of 25,896 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded LiveWire Group from a "sell" rating to a "hold" rating in a research report on Saturday.

LiveWire Group Price Performance

The company has a market cap of $657.53 million, a PE ratio of -8.07 and a beta of 1.70. The business has a 50-day moving average of $4.48 and a 200 day moving average of $3.01.

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

Insiders Place Their Bets

In other LiveWire Group news, CFO Tralisa Maraj sold 25,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $8.60, for a total value of $215,000.00. Following the completion of the sale, the chief financial officer owned 324,771 shares in the company, valued at $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 through this hyperlink. Also, Director John L. Garcia sold 56,559 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $6.47, for a total value of $365,936.73. Following the completion of the sale, the director owned 2,698,722 shares of the company's stock, valued at approximately $17,460,731.34. The trade was a 2.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 276,896 shares of company stock valued at $1,943,431. 2.05% of the stock is currently owned by corporate insiders.

Institutional Trading of LiveWire Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in 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 buying an additional 3,167 shares in the last quarter. Nuveen LLC bought a new position in shares of LiveWire Group in the first quarter worth about $43,000. Wexford Capital LP bought a new position in shares of LiveWire Group in the fourth quarter worth about $87,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of LiveWire Group by 120.5% in 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 period. Hedge funds and other institutional investors 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.