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

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

Analyst Ratings Changes

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

LiveWire Group Stock Up 6.4%

The company's 50 day moving average price is $3.89 and its 200-day moving average price is $3.04. The stock has a market cap of $808.17 million, a P/E ratio of -9.23 and a beta of 1.71.

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

Insider Activity

In other news, CEO Karim Donnez sold 54,661 shares of the 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 transaction, the chief executive officer owned 989,120 shares in the company, valued at approximately $5,440,160. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jon Bekefy sold 8,088 shares of LiveWire Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $8.14, for a total value of $65,836.32. Following the transaction, the insider directly owned 122,386 shares of the company's stock, valued at approximately $996,222.04. This represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,896 shares of company stock valued at $1,943,431. Company insiders own 2.05% of the company's stock.

Institutional Investors Weigh In On LiveWire Group

A number of hedge funds and other institutional investors have recently made changes to their positions in LVWR. Rhumbline Advisers lifted its stake 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 acquiring an additional 3,167 shares in the last quarter. Nuveen LLC acquired a new stake in shares of LiveWire Group in the first quarter worth $43,000. Wexford Capital LP purchased a new position in LiveWire Group in the fourth quarter valued at about $87,000. Charles Schwab Investment Management Inc. increased its position in LiveWire Group by 14.7% in the 4th 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 last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of LiveWire Group by 120.5% during the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after acquiring an additional 36,357 shares in the last quarter. Hedge funds and other institutional investors 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.