LiveWire Group (NYSE:LVWR) Shares Up 9.7% - Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price shot up 9.7% on Friday . The stock traded as high as $3.66 and last traded at $3.67. 126,798 shares changed hands during trading, a decline of 88% from the average session volume of 1,042,878 shares. The stock had previously closed at $3.35.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded LiveWire Group to a "sell" rating in a research note on Saturday, June 14th.

LiveWire Group Stock Performance

The firm has a market cap of $810.21 million, a P/E ratio of -9.26 and a beta of 1.71. The firm's fifty day moving average is $3.89 and its 200 day moving average is $3.04.

LiveWire Group (NYSE:LVWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.74 million for the quarter. LiveWire Group had a negative net margin of 367.05% and a negative return on equity of 70.38%.

Insider Activity at LiveWire Group

In other news, CFO Tralisa Maraj sold 25,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $8.60, for a total value of $215,000.00. Following the transaction, the chief financial officer owned 324,771 shares of the company's stock, valued at approximately $2,793,030.60. This represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan Ragland sold 6,891 shares of LiveWire Group stock in a transaction that occurred 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 owned 127,625 shares of the company's stock, valued at $907,413.75. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 276,896 shares of company stock worth $1,943,431. Insiders own 2.05% of the company's stock.

Institutional Trading of LiveWire Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 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. JPMorgan Chase & Co. grew 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 purchasing an additional 36,357 shares during the period. Wexford Capital LP purchased a new position in shares of LiveWire Group in the 4th quarter worth about $87,000. Nuveen LLC purchased a new stake in LiveWire Group in the first quarter valued at approximately $43,000. Finally, Rhumbline Advisers grew 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 purchasing an additional 3,167 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company's stock.

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.