LiveOne (NASDAQ:LVO) Stock Rating Reaffirmed by Litchfield Hills Research

LiveOne (NASDAQ:LVO - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Litchfield Hills Research in a research note issued on Friday, MarketBeat.com reports. They currently have a $4.00 price objective on the stock. Litchfield Hills Research's price objective points to a potential upside of 131.21% from the company's current price.

LiveOne Stock Down 1.1 %

NASDAQ:LVO opened at $1.73 on Friday. LiveOne has a fifty-two week low of $0.84 and a fifty-two week high of $2.19. The stock's 50-day moving average is $1.76 and its two-hundred day moving average is $1.36.

LiveOne (NASDAQ:LVO - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $31.25 million for the quarter, compared to analyst estimates of $31.53 million. As a group, research analysts expect that LiveOne will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP bought a new stake in shares of LiveOne during the first quarter valued at approximately $26,000. Jane Street Group LLC bought a new stake in shares of LiveOne during the first quarter valued at approximately $38,000. JPMorgan Chase & Co. grew its position in LiveOne by 10,194.9% in the second quarter. JPMorgan Chase & Co. now owns 24,296 shares of the company's stock valued at $43,000 after acquiring an additional 24,060 shares during the period. XTX Topco Ltd bought a new stake in LiveOne in the second quarter valued at $44,000. Finally, Prudential Financial Inc. bought a new stake in LiveOne in the first quarter valued at $45,000. 21.25% of the stock is owned by institutional investors.

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.