LiveWire Group (NYSE:LVWR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LiveWire Group (NYSE:LVWR) to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

LiveWire Group Price Performance

Shares of LiveWire Group stock opened at $1.66 on Friday. The stock has a market capitalization of $338.18 million, a P/E ratio of -4.47 and a beta of 1.64. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62. LiveWire Group has a twelve month low of $0.65 and a twelve month high of $6.44. The business’s fifty day moving average price is $1.20 and its 200 day moving average price is $1.66.

LiveWire Group (NYSE:LVWR) last issued 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 during the quarter.

Insider Activity

In related news, CEO Karim Donnez sold 230,557 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $2.33, for a total value of $537,197.81. Following the completion of the transaction, the chief executive officer owned 1,344,076 shares in the company, valued at $3,131,697.08. This represents a 14.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeremiah Nienhuis sold 10,732 shares of the business’s 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 sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of LiveWire Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Wisconsin Investment Board grew its holdings in 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 lifted its stake in LiveWire Group by 9.0% during the fourth quarter. Barclays PLC now owns 57,312 shares of the company’s stock valued at $253,000 after purchasing an additional 4,750 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in LiveWire Group by 78.1% during the fourth quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after buying an additional 17,615 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in LiveWire Group during the fourth quarter worth approximately $49,000. Finally, Goldman Sachs Group Inc. grew its position in LiveWire Group by 305.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after buying an additional 34,469 shares during the last quarter. Institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

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.