Livexlive Media (NASDAQ:LIVX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, “LiveXLive Media, Inc. is a wholly owned subsidiary of Loton, Corp which provide premium internet networks devoted to live music and music-related video content. The company provides an online destination for music fans to enjoy premium live performances from music venues and leading music festivals, such as Rock in Rio, Outside Lands Music and Arts Festival, Hangout Music Festival as well as premium original content, artist exclusives and industry interviews. LiveXLive Media Inc., formerly known as Loton Corp., is based in Beverly Hills, United States. “
A number of other research analysts also recently issued reports on the stock. DA Davidson initiated coverage on shares of Livexlive Media in a research report on Friday, December 20th. They set a “buy” rating and a $6.50 price objective on the stock. LADENBURG THALM/SH SH raised shares of Livexlive Media from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2.00 to $3.25 in a research note on Friday, November 8th. Maxim Group reiterated a “buy” rating and set a $4.00 price target on shares of Livexlive Media in a research report on Friday, November 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.50 price target on shares of Livexlive Media in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $4.83.
NASDAQ LIVX traded down $0.08 on Wednesday, hitting $1.65. The company’s stock had a trading volume of 286,986 shares, compared to its average volume of 132,374. The firm has a market cap of $86.48 million, a P/E ratio of -2.29 and a beta of 1.39. Livexlive Media has a 52-week low of $1.11 and a 52-week high of $7.23. The company’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $2.12. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.18.
Livexlive Media (NASDAQ:LIVX) last announced its earnings results on Thursday, November 7th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). Livexlive Media had a negative net margin of 101.81% and a negative return on equity of 501.10%. The business had revenue of $9.58 million for the quarter, compared to the consensus estimate of $10.70 million. On average, research analysts forecast that Livexlive Media will post -0.73 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of Livexlive Media in the 4th quarter worth approximately $72,000. Millennium Management LLC bought a new position in shares of Livexlive Media in the 3rd quarter worth approximately $143,000. 1492 Capital Management LLC raised its position in shares of Livexlive Media by 31.2% in the 3rd quarter. 1492 Capital Management LLC now owns 414,012 shares of the company’s stock worth $830,000 after acquiring an additional 98,515 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Livexlive Media in the 2nd quarter worth approximately $44,000. Finally, Vanguard Group Inc. raised its position in shares of Livexlive Media by 26.5% in the 2nd quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock worth $2,898,000 after acquiring an additional 146,419 shares in the last quarter. 26.52% of the stock is owned by hedge funds and other institutional investors.
About Livexlive Media
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.
Further Reading: Dividend Reinvestment Plan (DRIP)
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