LiveOne, Inc. (NASDAQ:LVO – Get Rating)'s share price fell 5.1% during trading on Wednesday . The company traded as low as $0.72 and last traded at $0.74. 157,958 shares traded hands during trading, an increase of 11% from the average session volume of 142,731 shares. The stock had previously closed at $0.78.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LVO shares. HC Wainwright decreased their price target on LiveOne from $4.00 to $3.00 and set a "buy" rating on the stock in a research note on Monday, November 21st. Alliance Global Partners decreased their price target on LiveOne from $5.00 to $3.50 in a research note on Friday, November 11th.

LiveOne Trading Down 5.1 %

The firm has a 50-day moving average of $0.66 and a 200 day moving average of $0.85. The stock has a market capitalization of $62.40 million, a price-to-earnings ratio of -2.64 and a beta of 1.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVO. Jane Street Group LLC acquired a new position in LiveOne during the 3rd quarter worth $61,000. Vanguard Group Inc. lifted its holdings in shares of LiveOne by 34.8% in the third quarter. Vanguard Group Inc. now owns 2,335,258 shares of the company's stock valued at $1,657,000 after buying an additional 602,534 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of LiveOne by 59.9% in the third quarter. Renaissance Technologies LLC now owns 75,000 shares of the company's stock valued at $53,000 after buying an additional 28,100 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of LiveOne by 34.5% in the second quarter. Goldman Sachs Group Inc. now owns 194,600 shares of the company's stock valued at $166,000 after buying an additional 49,907 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of LiveOne by 737.6% in the second quarter. Millennium Management LLC now owns 883,241 shares of the company's stock valued at $756,000 after buying an additional 777,794 shares during the period. Institutional investors and hedge funds own 24.04% of the company's stock.

About LiveOne

(Get Rating)

LiveOne, Inc is a digital media company, which engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform, and Slacker Radio, a streaming music service, as well as produces original music-related content.

Featured Articles

• Get a free copy of the StockNews.com research report on LiveOne (LVO)
• AMD Is Still One Of The Best Semiconductor Stocks Out There
• Two Dividend Kings: Johnson & Johnson or Abbott Laboratories?
• Is The Bottom In For Cyber-Security Stocks?
• Union Pacific, Norfolk Southern Pull into Buying Zone
• Pliant Therapeutics Gaps 34% Higher: More Upside To Come?

Receive News & Ratings for LiveOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LiveOne and related companies with MarketBeat.com's FREE daily email newsletter.