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.
Get LiveOne alerts: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.
LiveOne (NASDAQ:LVO – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $23.53 million for the quarter, compared to analysts' expectations of $23.00 million. As a group, research analysts forecast that LiveOne, Inc. will post -0.06 EPS for the current year.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
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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.
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