LiveWire Group (NYSE:LVWR) Shares Climb 1.6% - Time to Buy?

Key Points

• LiveWire Group shares rose 1.6% to about $1.68, with trading volume 68% above the average session level.
• Analyst sentiment remains negative: the stock has a consensus “Sell” rating, despite one research firm recently upgrading it to “Hold.”
• Insiders sold 241,505 shares worth approximately $563,226 over the past three months, while institutional investors own only 0.88% of the company.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price was up 1.6% during trading on Monday. The stock traded as high as $1.68 and last traded at $1.6760. 270,770 shares were traded during trading, an increase of 68% from the average session volume of 160,991 shares. The stock had previously closed at $1.65.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a "sell (e+)" rating on shares of LiveWire Group in a research report on Thursday, October 15th. Wall Street Zen raised LiveWire Group to a "hold" rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of "Sell".

LiveWire Group Price Performance

The stock has a 50-day moving average of $1.40 and a two-hundred day moving average of $1.62. The firm has a market cap of $344.27 million, a price-to-earnings ratio of -4.53 and a beta of 1.62. The company has a current ratio of 4.16, a quick ratio of 3.41 and a debt-to-equity ratio of 6.44.

Insider Buying and Selling at LiveWire Group

In other LiveWire Group news, insider Jeremiah Nienhuis sold 10,732 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.38, for a total transaction of $25,542.16. Following the completion of the sale, the insider directly owned 110,608 shares in the company, valued at approximately $263,247.04. This trade represents a 8.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Karim Donnez sold 230,557 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.33, for a total value of $537,197.81. Following the sale, the chief executive officer owned 1,344,076 shares of the company's stock, valued at $3,131,697.08. The trade was a 14.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 241,505 shares of company stock worth $563,226 over the last three months. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On LiveWire Group

A number of large investors have recently made changes to their positions in LVWR. Bank of New York Mellon Corp purchased a new position in LiveWire Group during the second quarter valued at approximately $47,000. GSA Capital Partners LLP purchased a new stake in LiveWire Group in the 2nd quarter worth approximately $114,000. Finally, BlackRock Inc. acquired a new stake in shares of LiveWire Group during the 2nd quarter valued at $1,331,000. Institutional investors and hedge funds own 0.88% of the company's stock.

About LiveWire Group

LiveWire Group, Inc is an electric-motorcycle company that develops, manufactures and sells motorcycles and related products under the LiveWire brand. Its portfolio includes fully electric motorcycles such as the LiveWire ONE, S2 Del Mar and S2 Mulholland, along with charging equipment, accessories, apparel and other merchandise.

The company's motorcycles are designed for urban riding, commuting and recreational use, with a focus on connected technology, performance and reduced tailpipe emissions.

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