FY2024 EPS Estimates for LiveOne, Inc. (NASDAQ:LVO) Boosted by Litchfield Hills Research

LiveOne, Inc. (NASDAQ:LVO - Free Report) - Litchfield Hills Research upped their FY2024 earnings per share estimates for shares of LiveOne in a research report issued to clients and investors on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now forecasts that the company will post earnings per share of ($0.09) for the year, up from their previous estimate of ($0.10). Litchfield Hills Research currently has a "Buy" rating and a $4.00 target price on the stock. The consensus estimate for LiveOne's current full-year earnings is ($0.07) per share.

LiveOne Stock Down 1.6 %

LVO traded down $0.03 during trading on Thursday, hitting $1.85. 295,678 shares of the stock were exchanged, compared to its average volume of 294,845. The firm has a market capitalization of $169.57 million, a P/E ratio of -9.89 and a beta of 1.71. LiveOne has a 1-year low of $0.84 and a 1-year high of $2.19. The stock has a fifty day moving average price of $1.79 and a two-hundred day moving average price of $1.40.

LiveOne (NASDAQ:LVO - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $31.25 million for the quarter, compared to analyst estimates of $31.53 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LVO. Acadian Asset Management LLC increased its holdings in shares of LiveOne by 127.6% in the third quarter. Acadian Asset Management LLC now owns 94,239 shares of the company's stock valued at $89,000 after purchasing an additional 52,830 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of LiveOne by 83.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 121,198 shares of the company's stock valued at $168,000 after purchasing an additional 55,092 shares during the period. Barclays PLC acquired a new position in shares of LiveOne in the third quarter valued at approximately $70,000. Alpine Global Management LLC acquired a new position in shares of LiveOne in the third quarter valued at approximately $72,000. Finally, FMR LLC increased its holdings in shares of LiveOne by 1.6% in the third quarter. FMR LLC now owns 7,042,283 shares of the company's stock valued at $6,734,000 after purchasing an additional 109,383 shares during the period. Institutional investors and hedge funds own 21.25% of the company's stock.

LiveOne Company Profile

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.