In a report released today, David Joyce from Seaport Global reiterated a Buy rating on Live Nation Entertainment (LYV – Research Report), with a price target of $115.00. The company’s shares closed yesterday at $88.27.
According to TipRanks, Joyce is a 2-star analyst with an average return of 0.0% and a 50.57% success rate. Joyce covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Live Nation Entertainment, and Endeavor Group Holdings Inc.
Live Nation Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $121.07.
Based on Live Nation Entertainment’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.63 billion and a net profit of $293.68 million. In comparison, last year the company earned a revenue of $4.43 billion and had a net profit of $187.8 million
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Live Nation Entertainment (LYV) Company Description:
Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The company was founded in 1996 and is headquartered in Beverly Hills, CA.
Read More on LYV:
- Live Nation Entertainment Reports First Quarter 2024 Results
- ‘Stay long and strong’: Strategist sees the S&P 500 reaching 5,750 by year-end — here are 2 stocks to play that bullish sentiment
- Boeing, Paramount downgraded: Wall Street’s top analyst calls
- Live Nation initiated with a Buy at Deutsche Bank
- Is LYV a Buy, Before Earnings?
