Roth Capital Initiates Coverage on Livexlive Media (NASDAQ:LIVX)

Roth Capital began coverage on shares of Livexlive Media (NASDAQ:LIVX) in a research report released on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $8.50 price target on the stock.

A number of other research analysts have also weighed in on the company. ValuEngine raised Livexlive Media from a hold rating to a buy rating in a report on Tuesday, August 13th. Zacks Investment Research lowered Livexlive Media from a hold rating to a sell rating in a report on Saturday, June 15th. HC Wainwright reissued a buy rating and set a $6.00 target price on shares of Livexlive Media in a report on Friday, June 14th. Finally, Maxim Group set a $8.00 target price on Livexlive Media and gave the stock a buy rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $7.19.

Shares of Livexlive Media stock opened at $2.36 on Wednesday. Livexlive Media has a 12-month low of $2.12 and a 12-month high of $7.23. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 8.14. The business’s 50 day moving average is $2.73 and its 200-day moving average is $4.35.

Livexlive Media (NASDAQ:LIVX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The business had revenue of $9.50 million for the quarter, compared to analyst estimates of $10.00 million. Livexlive Media had a negative return on equity of 297.90% and a negative net margin of 105.60%. On average, equities research analysts expect that Livexlive Media will post -0.61 EPS for the current year.

In other Livexlive Media news, CEO Robert S. Ellin bought 13,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $2.47 per share, with a total value of $32,110.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 38,333 shares of company stock worth $102,523 over the last three months. 36.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in Livexlive Media by 8,784.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,552 shares of the company’s stock valued at $41,000 after buying an additional 7,467 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Livexlive Media in the 2nd quarter valued at $44,000. Spark Investment Management LLC acquired a new position in Livexlive Media in the 1st quarter valued at $63,000. Deutsche Bank AG grew its holdings in Livexlive Media by 9.3% in the 4th quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock valued at $190,000 after buying an additional 3,288 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Livexlive Media by 8.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock valued at $295,000 after buying an additional 5,394 shares in the last quarter. 20.28% of the stock is currently owned by hedge funds and other institutional investors.

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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