Livexlive Media (NASDAQ:LIVX) Posts Earnings Results, Misses Estimates By $0.04 EPS

Livexlive Media (NASDAQ:LIVX) released its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.04), Fidelity Earnings reports. Livexlive Media had a negative return on equity of 134.46% and a negative net margin of 117.50%. Livexlive Media updated its FY 2020 guidance to EPS.

Livexlive Media stock opened at $3.60 on Friday. The firm has a market capitalization of $193.79 million, a P/E ratio of -7.50 and a beta of 1.42. Livexlive Media has a 52 week low of $2.52 and a 52 week high of $11.11. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.55.

Several research firms recently commented on LIVX. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Livexlive Media in a research note on Friday. Maxim Group reiterated a “buy” rating and issued a $8.00 target price on shares of Livexlive Media in a research note on Friday, May 31st. Zacks Investment Research lowered Livexlive Media from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Finally, ValuEngine upgraded Livexlive Media from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.56.

An institutional investor recently raised its position in Livexlive Media stock. Geode Capital Management LLC boosted its holdings in Livexlive Media Inc (NASDAQ:LIVX) by 56.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,334 shares of the company’s stock after purchasing an additional 85,855 shares during the quarter. Geode Capital Management LLC owned approximately 0.46% of Livexlive Media worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission. 21.95% of the stock is owned by institutional investors.

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Livexlive Media Company Profile

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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Earnings History for Livexlive Media (NASDAQ:LIVX)

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