LiveWire Group (NYSE:LVWR) Shares Down 7.7% - Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price fell 7.7% during trading on Monday . The stock traded as low as $3.12 and last traded at $3.19. 39,907 shares changed hands during trading, a decline of 96% from the average session volume of 1,044,354 shares. The stock had previously closed at $3.45.

Analyst Ratings Changes

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

LiveWire Group Trading Up 7.8%

The stock has a market cap of $686.83 million, a P/E ratio of -7.85 and a beta of 1.71. The company's fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.08.

LiveWire Group (NYSE:LVWR - Get Free Report) last announced 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%.

Insiders Place Their Bets

In other news, CFO Tralisa Maraj sold 25,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $8.60, for a total value of $215,000.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $365,936.73. Following the completion of the sale, the director directly owned 2,698,722 shares in the company, 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. Insiders have sold 276,896 shares of company stock worth $1,943,431 in the last quarter. 2.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveWire Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after acquiring an additional 3,167 shares during the last quarter. Nuveen LLC bought a new stake in LiveWire Group during the 1st quarter worth about $43,000. Wexford Capital LP bought a new stake in LiveWire Group during the 4th quarter worth about $87,000. JPMorgan Chase & Co. grew its holdings in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after purchasing an additional 5,968 shares during the period. 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.