LiveWire Group (NYSE:LVWR) Trading Down 5.4% - Should You Sell?

Key Points

• LiveWire Group, Inc. (NYSE:LVWR) shares dropped by 5.4%, trading at $3.60, with a notable 92% decrease in trading volume compared to its average.
• Analysts have upgraded LiveWire's rating from "sell" to "hold," indicating a shift in market sentiment towards the company.
• LiveWire reported a revenue of $5.87 million for the last quarter, with a significant negative net margin of 350.82% and negative return on equity of 77.81%.

Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) fell 5.4% during mid-day trading on Friday . The company traded as low as $3.61 and last traded at $3.60. 139,037 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,689,828 shares. The stock had previously closed at $3.80.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded LiveWire Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd.

LiveWire Group Stock Performance

The stock has a 50 day simple moving average of $4.19 and a two-hundred day simple moving average of $3.00. The firm has a market cap of $741.61 million, a PE ratio of -9.10 and a beta of 1.69.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.09) earnings per share for the quarter. The company 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 77.81%.

Insider Buying and Selling at LiveWire Group

In other LiveWire Group news, Director William L. Cornog sold 40,000 shares of LiveWire Group stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $7.62, for a total transaction of $304,800.00. Following the completion of the transaction, the director owned 196,739 shares in the company, valued at approximately $1,499,151.18. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Garcia sold 56,559 shares of LiveWire Group stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $6.47, for a total value of $365,936.73. Following the transaction, the director owned 2,698,722 shares of the company's stock, valued at $17,460,731.34. The trade was a 2.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 276,896 shares of company stock worth $1,943,431. Insiders own 2.05% of the company's stock.

Hedge Funds Weigh In On LiveWire Group

Several institutional investors and hedge funds have recently modified their holdings of LVWR. JPMorgan Chase & Co. increased its stake in shares of 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 in the last quarter. Wexford Capital LP purchased a new position in shares of LiveWire Group in the 4th quarter valued at about $87,000. Nuveen LLC purchased a new position in shares of LiveWire Group in the 1st quarter valued at about $43,000. Rhumbline Advisers increased its stake in shares of LiveWire Group by 21.9% in the 1st 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. Finally, Geode Capital Management LLC increased its stake in shares of LiveWire Group by 102.0% in the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company's stock valued at $2,014,000 after purchasing an additional 221,071 shares in the last quarter. 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.