LiveWire Group (NYSE:LVWR) Upgraded by Wall Street Zen to "Sell" Rating

Wall Street Zen upgraded shares of LiveWire Group (NYSE:LVWR - Free Report) to a sell rating in a report issued on Saturday morning.

LiveWire Group Trading Up 1.6%

NYSE:LVWR traded up $0.08 during midday trading on Friday, reaching $5.20. The company had a trading volume of 1,245,593 shares, compared to its average volume of 1,014,753. LiveWire Group has a 12-month low of $0.93 and a 12-month high of $9.04. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -12.10 and a beta of 1.73. The stock's fifty day simple moving average is $2.72 and its 200-day simple moving average is $3.20.

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 for the quarter. LiveWire Group had a negative net margin of 367.05% and a negative return on equity of 70.38%. The business had revenue of $2.74 million during the quarter.

Insider Transactions at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 54,661 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $5.50, for a total transaction of $300,635.50. Following the completion of the sale, the chief executive officer now directly owns 989,120 shares of the company's stock, valued at $5,440,160. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Garcia sold 56,559 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $6.47, for a total value of $365,936.73. Following the transaction, the director now owns 2,698,722 shares in the company, 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. Over the last 90 days, insiders have sold 276,896 shares of company stock worth $1,943,431. Corporate insiders own 2.05% of the company's stock.

Institutional Investors Weigh In On LiveWire Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers lifted its stake in shares of 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 purchasing an additional 3,167 shares during the period. Nuveen LLC purchased a new position in shares of LiveWire Group in the 1st quarter worth $43,000. Wexford Capital LP purchased a new position in shares of LiveWire Group in the 4th quarter worth $87,000. JPMorgan Chase & Co. raised its position 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 worth $320,000 after buying an additional 36,357 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 5,968 shares during the period. Institutional investors and hedge funds 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.