LiveOne (NASDAQ:LVO) Stock Rating Lowered by Wall Street Zen

LiveOne (NASDAQ:LVO) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

LVO has been the topic of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Alliance Global Partners reiterated a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

LiveOne Price Performance

LVO opened at $5.29 on Friday. The stock’s 50 day moving average price is $5.97 and its 200 day moving average price is $5.25. The stock has a market cap of $71.73 million, a P/E ratio of -2.73 and a beta of 1.60. LiveOne has a 12 month low of $3.70 and a 12 month high of $7.50.

LiveOne (NASDAQ:LVO) last announced its quarterly earnings results on Wednesday, June 24th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34). The business had revenue of $18.92 million during the quarter, compared to the consensus estimate of $19.76 million. Equities analysts anticipate that LiveOne will post -0.81 EPS for the current year.

Institutional Trading of LiveOne

Several large investors have recently added to or reduced their stakes in LVO. Bank of America Corp DE boosted its position in shares of 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 buying an additional 32,248 shares during the period. Qube Research & Technologies Ltd purchased a new stake in LiveOne in the 2nd quarter worth about $87,000. Acadian Asset Management LLC boosted its position in LiveOne by 2,891.7% during the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock worth $101,000 after acquiring an additional 142,560 shares during the period. Sei Investments Co. acquired a new stake in LiveOne during the 1st quarter worth about $110,000. Finally, State Street Corp grew its stake in LiveOne by 28.2% during the 4th quarter. State Street Corp now owns 33,626 shares of the company’s stock valued at $159,000 after acquiring an additional 7,399 shares in the last quarter. 21.25% of the stock is owned by institutional investors and hedge funds.

LiveOne Company Profile

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.