Goldman Sachs analyst Stephen Laszczyk maintained a Buy rating on Live Nation Entertainment (LYV – Research Report) yesterday. The company’s shares closed yesterday at $90.22.
Laszczyk covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, Warner Music Group, and Cinemark Holdings. According to TipRanks, Laszczyk has an average return of 4.9% and a 66.67% success rate on recommended stocks.
Currently, the analyst consensus on Live Nation Entertainment is a Strong Buy with an average price target of $113.27.
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LYV market cap is currently $20.55B and has a P/E ratio of 61.61.
Based on the recent corporate insider activity of 33 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. Last month, Joe Berchtold, the President & CFO of LYV sold 357,300.00 shares for a total of $32,616,683.95.
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.
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