FY2024 EPS Estimates for LiveOne, Inc. Lifted by Analyst (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVO) – Analysts at Litchfield Hills Research raised their FY2024 earnings per share (EPS) estimates for shares of LiveOne in a research note issued on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings per share of ($0.09) for the year, up from their previous forecast of ($0.10). Litchfield Hills Research currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.06) per share.

LiveOne Price Performance

LiveOne stock opened at $1.90 on Thursday. The stock has a market cap of $173.70 million, a price-to-earnings ratio of -9.97 and a beta of 1.71. The firm has a 50-day moving average of $1.81 and a two-hundred day moving average of $1.41. LiveOne has a 1 year low of $0.84 and a 1 year high of $2.19.

LiveOne (NASDAQ:LVO) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $31.25 million for the quarter, compared to the consensus estimate of $31.53 million.

Hedge Funds Weigh In On LiveOne

Several institutional investors have recently made changes to their positions in LVO. Exchange Traded Concepts LLC bought a new position in LiveOne in the third quarter worth approximately $63,000. Barclays PLC purchased a new stake in shares of LiveOne during the 3rd quarter worth $70,000. Alpine Global Management LLC bought a new stake in LiveOne during the third quarter valued at about $72,000. Acadian Asset Management LLC boosted its position in LiveOne by 127.6% during the third quarter. Acadian Asset Management LLC now owns 94,239 shares of the company’s stock valued at $89,000 after purchasing an additional 52,830 shares in the last quarter. Finally, Citigroup Inc. purchased a new position in LiveOne in the third quarter valued at about $121,000. Hedge funds and other institutional investors own 21.25% of the company’s stock.

About LiveOne

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.