Roth Capital Cuts LiveOne (NASDAQ:LVO) Price Target to $1.30

Key Points

• Roth Capital has lowered its target price for LiveOne (NASDAQ:LVO) from $1.50 to $1.30, suggesting a potential upside of 142.09% from its current trading price.
• Wall Street Zen downgraded LiveOne's rating from "hold" to "sell," while two other analysts maintained a "buy" rating for the stock.
• During mid-day trading, LiveOne's stock price declined to $0.54, with a reported earnings per share of ($0.04) for the latest quarter, which exceeded expectations but saw lower revenue than anticipated.

LiveOne (NASDAQ:LVO - Get Free Report) had its price target dropped by investment analysts at Roth Capital from $1.50 to $1.30 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Capital's price target points to a potential upside of 152.62% from the company's previous close. Roth Capital also issued estimates for LiveOne's Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.03) EPS, FY2026 earnings at ($0.14) EPS, Q1 2027 earnings at ($0.04) EPS, Q3 2027 earnings at ($0.04) EPS, Q4 2027 earnings at ($0.03) EPS, FY2027 earnings at ($0.14) EPS and FY2028 earnings at ($0.07) EPS.

Separately, Wall Street Zen lowered shares of LiveOne from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, LiveOne presently has an average rating of "Buy" and a consensus target price of $1.40.

LiveOne Stock Down 1.6%

NASDAQ LVO traded down $0.01 on Monday, hitting $0.51. 621,015 shares of the stock were exchanged, compared to its average volume of 858,240. The stock has a fifty day moving average price of $0.61 and a two-hundred day moving average price of $0.70. LiveOne has a 52-week low of $0.43 and a 52-week high of $1.60.

LiveOne (NASDAQ:LVO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $19.21 million for the quarter, compared to analysts' expectations of $24.30 million. On average, analysts predict that LiveOne will post -0.1 earnings per share for the current year.

Institutional Trading of LiveOne

A number of hedge funds have recently added to or reduced their stakes in LVO. Catalyst Funds Management Pty Ltd purchased a new stake in LiveOne in the second quarter worth about $25,000. Apollon Wealth Management LLC purchased a new stake in LiveOne in the second quarter worth about $27,000. Bank of America Corp DE lifted its stake in LiveOne by 95.7% in the second quarter. Bank of America Corp DE now owns 65,945 shares of the company's stock worth $50,000 after acquiring an additional 32,248 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in LiveOne by 63.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,954 shares of the company's stock worth $53,000 after acquiring an additional 13,900 shares during the period. Finally, Nuveen LLC purchased a new stake in LiveOne in the first quarter worth about $63,000. 21.25% of the stock is owned by hedge funds and other 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.