LiveWire Group (NYSE:LVWR) CEO Karim Donnez Sells 230,557 Shares

LiveWire Group, Inc. (NYSE:LVWR) CEO Karim Donnez sold 230,557 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $2.33, for a total value of $537,197.81. Following the completion of the transaction, the chief executive officer owned 1,344,076 shares in the company, valued at approximately $3,131,697.08. The trade was a 14.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

LiveWire Group Trading Down 14.3%

Shares of LiveWire Group stock opened at $1.76 on Friday. The stock has a market capitalization of $360.66 million, a PE ratio of -4.77 and a beta of 1.71. LiveWire Group, Inc. has a 52 week low of $0.65 and a 52 week high of $6.44. The stock has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $1.68. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.60 and a current ratio of 4.29.

LiveWire Group (NYSE:LVWR) last issued its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.The firm had revenue of $9.12 million for the quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LVWR. Wall Street Zen upgraded shares of LiveWire Group to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On LiveWire Group

A number of hedge funds and other institutional investors have recently modified their holdings of LVWR. Russell Investments Group Ltd. grew its holdings in shares of LiveWire Group by 82.0% in the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after acquiring an additional 3,042 shares in the last quarter. Rhumbline Advisers lifted its holdings in LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after acquiring an additional 3,167 shares during the period. BNP Paribas Financial Markets boosted its position in LiveWire Group by 117.6% in the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after purchasing an additional 5,060 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in LiveWire Group in the fourth quarter worth $49,000. Finally, Tower Research Capital LLC TRC grew its stake in LiveWire Group by 119.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after purchasing an additional 5,812 shares during the period. Hedge funds and other institutional investors own 0.88% of the company’s stock.

About LiveWire Group

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.