Alliance Global Partners Trims LiveOne (NASDAQ:LVO) Target Price to $1.50

LiveOne (NASDAQ:LVO) had its price objective decreased by Alliance Global Partners from $3.50 to $1.50 in a research report sent to investors on Wednesday morning, Benzinga reports. Alliance Global Partners currently has a buy rating on the stock.

LiveOne Stock Down 1.7 %

Shares of NASDAQ:LVO opened at $0.68 on Wednesday. The stock has a market capitalization of $67.29 million, a PE ratio of -4.25 and a beta of 1.54. The firm’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.63. LiveOne has a twelve month low of $0.64 and a twelve month high of $2.15.

LiveOne (NASDAQ:LVO) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $33.08 million during the quarter, compared to the consensus estimate of $33.10 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Analysts expect that LiveOne will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of LiveOne

A number of hedge funds and other institutional investors have recently bought and sold shares of LVO. Virtu Financial LLC bought a new position in shares of LiveOne during the 1st quarter valued at approximately $30,000. Quadrature Capital Ltd bought a new position in shares of LiveOne in the first quarter worth approximately $34,000. Perritt Capital Management Inc. purchased a new stake in shares of LiveOne in the first quarter worth $49,000. SG Americas Securities LLC bought a new stake in shares of LiveOne during the 1st quarter valued at $53,000. Finally, Marshall Wace LLP purchased a new position in shares of LiveOne during the 2nd quarter valued at $59,000. Hedge funds and other institutional investors own 21.25% of the company’s stock.

About LiveOne

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.