Somewhat Favorable News Coverage Somewhat Unlikely to Impact Live Nation Entertainment (LYV) Stock Price

Press coverage about Live Nation Entertainment (NYSE:LYV) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Live Nation Entertainment earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.9362888251985 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Live Nation Entertainment (NYSE LYV) traded up $0.02 on Monday, reaching $46.95. The company’s stock had a trading volume of 852,071 shares, compared to its average volume of 1,343,761. The firm has a market cap of $9,709.25, a P/E ratio of 2,348.67 and a beta of 1.01. Live Nation Entertainment has a 52-week low of $28.00 and a 52-week high of $47.25. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.11 and a quick ratio of 1.11.

LYV has been the topic of several recent research reports. Zacks Investment Research raised Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, October 24th. Jefferies Group raised their price objective on Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Macquarie reissued a “buy” rating and set a $48.00 price objective on shares of Live Nation Entertainment in a report on Sunday, November 5th. Finally, Citigroup downgraded Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.57.

In other Live Nation Entertainment news, CEO Michael Rapino sold 70,000 shares of Live Nation Entertainment stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $42.87, for a total transaction of $3,000,900.00. Following the transaction, the chief executive officer now directly owns 115,277 shares of the company’s stock, valued at approximately $4,941,924.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joe Berchtold sold 20,000 shares of Live Nation Entertainment stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $43.08, for a total value of $861,600.00. Following the transaction, the chief operating officer now directly owns 97,918 shares in the company, valued at $4,218,307.44. The disclosure for this sale can be found here. Insiders have sold a total of 600,000 shares of company stock worth $26,681,100 over the last ninety days. Company insiders own 4.77% of the company’s stock.

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About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Insider Buying and Selling by Quarter for Live Nation Entertainment (NYSE:LYV)

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