LiveOne (NASDAQ:LVO) Rating Lowered to “Sell” at Wall Street Zen

LiveOne (NASDAQ:LVO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a research note on Tuesday, June 9th. Alliance Global Partners reissued a “buy” rating on shares of LiveOne in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, LiveOne has a consensus rating of “Hold” and a consensus target price of $12.50.

LiveOne Trading Up 3.8%

LiveOne stock opened at $4.38 on Friday. The stock has a fifty day moving average price of $5.47 and a 200 day moving average price of $5.29. LiveOne has a 52 week low of $3.70 and a 52 week high of $7.20. The firm has a market capitalization of $60.36 million, a P/E ratio of -2.26 and a beta of 1.66.

LiveOne (NASDAQ:LVO) last issued its quarterly earnings results on Wednesday, June 24th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34). The business had revenue of $18.92 million during the quarter, compared to analysts’ expectations of $19.76 million. As a group, equities analysts predict that LiveOne will post -0.81 EPS for the current year.

Institutional Trading of LiveOne

A number of institutional investors and hedge funds have recently bought and sold shares of LVO. Jane Street Group LLC purchased a new position in LiveOne in the second quarter valued at approximately $247,000. No Street GP LP acquired a new stake in shares of LiveOne in the third quarter worth $1,239,000. Marshall Wace LLP acquired a new stake in shares of LiveOne in the second quarter worth $174,000. Acadian Asset Management LLC raised its stake in shares of LiveOne by 2,891.7% in the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after acquiring an additional 142,560 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of LiveOne in the 2nd quarter valued at $87,000. Institutional investors and hedge funds own 21.25% of the company’s stock.

About LiveOne

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.