H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on LiveOne (LVO – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.28.
Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Voyager Digital (Canada), and Kopin. According to TipRanks, Dede has an average return of -5.0% and a 33.42% success rate on recommended stocks.
Currently, the analyst consensus on LiveOne is a Moderate Buy with an average price target of $4.00.
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Based on LiveOne’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $23.43 million and a GAAP net loss of $8.83 million. In comparison, last year the company earned a revenue of $21.04 million and had a GAAP net loss of $15.37 million
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LiveXLive Media, Inc. engages in the acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment. The company also involves in the sale of subscription-based services and advertising from music offerings and the licensing of live music content rights and services. LiveXLive Media was founded on December 28, 2009 by Robert Scott Ellin and is headquartered in Beverly Hills, CA.
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