LiveWire Group (NYSE:LVWR) Trading 0.4% Higher - Here's Why

Key Points

• LiveWire Group shares rose 0.4% to $1.3750, with trading volume 17% below the average session volume.
• Analyst sentiment remains bearish: MarketBeat reports an average rating of “Sell”, while the company posted a quarterly loss of $0.09 per share, $9.12 million in revenue, and a negative net margin of 234.48%.
• Insiders sold 241,505 shares worth approximately $563,226 over the past 90 days, while institutional ownership remains limited at 0.88%.

Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) were up 0.4% during trading on Thursday . The stock traded as high as $1.62 and last traded at $1.3750. 972,757 shares were traded during trading, a decline of 17% from the average session volume of 1,169,268 shares. The stock had previously closed at $1.37.

Analysts Set New Price Targets

LVWR has been the subject of several recent analyst reports. Wall Street Zen raised shares of LiveWire Group to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings reiterated a "sell (e+)" rating on shares of LiveWire Group in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

LiveWire Group Stock Up 0.4%

The stock has a market cap of $282.44 million, a PE ratio of -3.72 and a beta of 1.65. The company has a debt-to-equity ratio of 6.44, a current ratio of 4.16 and a quick ratio of 3.41. The company has a 50 day moving average price of $1.18 and a two-hundred day moving average price of $1.49.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 198.18%. The business had revenue of $9.12 million for the quarter.

Insider Activity

In other news, CEO Karim Donnez sold 230,557 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $2.33, for a total transaction of $537,197.81. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeremiah Nienhuis sold 10,732 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $2.38, for a total transaction of $25,542.16. Following the transaction, the insider owned 110,608 shares in the company, valued at approximately $263,247.04. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 241,505 shares of company stock worth $563,226 in the last 90 days. Company insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On LiveWire Group

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of LiveWire Group during the 2nd quarter valued at $1,331,000. Vanguard Group Inc. grew its holdings in shares of LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company's stock worth $2,598,000 after acquiring an additional 285,850 shares during the period. Geode Capital Management LLC increased its position in LiveWire Group by 102.0% during the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company's stock valued at $2,014,000 after acquiring an additional 221,071 shares during the last quarter. UBS Group AG increased its position in LiveWire Group by 12.4% during the third quarter. UBS Group AG now owns 160,098 shares of the company's stock valued at $760,000 after acquiring an additional 17,672 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in LiveWire Group in the second quarter valued at about $114,000. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

About LiveWire Group

LiveWire Group Inc NYSE: LVWR is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.

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