LiveWire Group (NYSE:LVWR) Insider Sells $25,542.16 in Stock

LiveWire Group, Inc. (NYSE:LVWR) insider Jeremiah Nienhuis sold 10,732 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.38, for a total transaction of $25,542.16. Following the completion of the sale, the insider directly owned 110,608 shares in the company, valued at $263,247.04. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

LiveWire Group Stock Down 2.5%

Shares of NYSE LVWR opened at $1.76 on Monday. LiveWire Group, Inc. has a 1 year low of $0.65 and a 1 year high of $6.44. The firm has a 50-day simple moving average of $1.20 and a two-hundred day simple moving average of $1.67. The company has a market cap of $360.66 million, a P/E ratio of -4.77 and a beta of 1.64. The company has a debt-to-equity ratio of 2.62, a current ratio of 4.29 and a quick ratio of 3.60.

LiveWire Group (NYSE:LVWR) last released its earnings results 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 161.65%. The business had revenue of $9.12 million for the quarter.

Analysts Set New Price Targets

LVWR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. Wall Street Zen upgraded LiveWire Group to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, LiveWire Group has an average rating of “Sell”.

Hedge Funds Weigh In On LiveWire Group

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board increased its position in shares of LiveWire Group by 30.2% during the fourth quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock worth $381,000 after acquiring an additional 20,000 shares during the period. Barclays PLC grew its stake in LiveWire Group by 9.0% in the fourth quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after purchasing an additional 4,750 shares in the last quarter. Wells Fargo & Company MN grew its stake in LiveWire Group by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after purchasing an additional 17,615 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in LiveWire Group in the fourth quarter worth approximately $49,000. Finally, Goldman Sachs Group Inc. increased its holdings in LiveWire Group by 305.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after purchasing an additional 34,469 shares during the period. 0.88% of the stock is currently owned by 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.