Live Nation Entertainment (NYSE:LYV) Given a $165.00 Price Target at Susquehanna

Susquehanna set a $165.00 price target on Live Nation Entertainment (NYSE:LYV) in a research note published on Tuesday, Marketbeat Ratings reports. The firm currently has a positive rating on the stock.

A number of other research firms also recently commented on LYV. Bank of America increased their target price on Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Morgan Stanley lifted their price objective on shares of Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Wolfe Research increased their target price on shares of Live Nation Entertainment from $160.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday. Roth Mkm decreased their price target on shares of Live Nation Entertainment from $174.00 to $164.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Macquarie increased their price objective on shares of Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.35.

Live Nation Entertainment Stock Down 1.7%

Shares of NYSE:LYV opened at $141.18 on Tuesday. Live Nation Entertainment has a 12-month low of $86.81 and a 12-month high of $157.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a market cap of $32.72 billion, a PE ratio of 51.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. The company has a fifty day simple moving average of $136.24 and a 200 day simple moving average of $135.83.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the company posted $0.60 EPS. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Live Nation Entertainment will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, EVP John Hopmans sold 34,808 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $147.38, for a total transaction of $5,130,003.04. Following the transaction, the executive vice president now owns 189,456 shares of the company’s stock, valued at approximately $27,922,025.28. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.01% of the stock is owned by company insiders.

Institutional Trading of Live Nation Entertainment

Institutional investors have recently made changes to their positions in the stock. Measured Risk Portfolios Inc. bought a new stake in Live Nation Entertainment during the fourth quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Live Nation Entertainment in the 1st quarter worth $30,000. Chilton Capital Management LLC acquired a new stake in shares of Live Nation Entertainment in the first quarter valued at $33,000. Murphy & Mullick Capital Management Corp bought a new position in Live Nation Entertainment during the fourth quarter valued at about $40,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Live Nation Entertainment during the first quarter worth about $42,000. 74.52% of the stock is owned by institutional investors and hedge funds.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.