In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on LiveOne (LVO – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $0.97.
Dede covers the Technology sector, focusing on stocks such as Argo Blockchain, BIT Mining, and Argo Blockchain. According to TipRanks, Dede has an average return of -2.4% and a 32.86% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LiveOne with a $3.25 average price target.
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LVO market cap is currently $84.83M and has a P/E ratio of -5.74.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LVO 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.
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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