LiveWire Group (NYSE:LVWR) Posts Earnings Results

LiveWire Group (NYSE:LVWR) announced its earnings results on Tuesday. The company reported ($0.10) EPS for the quarter, Zacks reports. LiveWire Group had a negative net margin of 350.82% and a negative return on equity of 77.81%. The firm had revenue of $5.70 million for the quarter.

LiveWire Group Stock Performance

Shares of NYSE LVWR traded down $0.05 during mid-day trading on Wednesday, hitting $4.75. The stock had a trading volume of 4,276 shares, compared to its average volume of 1,274,657. The firm has a market cap of $966.75 million, a P/E ratio of -11.85 and a beta of 1.74. The business has a 50 day moving average price of $4.89 and a two-hundred day moving average price of $3.98. LiveWire Group has a 1 year low of $0.93 and a 1 year high of $9.04.

Institutional Investors Weigh In On LiveWire Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of LiveWire Group by 102.0% in the 2nd 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. Rhumbline Advisers grew its position in shares of LiveWire Group by 244.0% in the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after purchasing an additional 43,080 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of LiveWire Group in the second quarter worth about $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in LiveWire Group by 84.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock valued at $92,000 after purchasing an additional 9,210 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in LiveWire Group by 119.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after buying an additional 5,812 shares during the last quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Wednesday, October 8th. Wall Street Zen raised LiveWire Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.