HC Wainwright Weighs in on LiveOne, Inc.’s Q3 2023 Earnings (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVOGet Rating) – Analysts at HC Wainwright issued their Q3 2023 EPS estimates for LiveOne in a note issued to investors on Monday, November 21st. HC Wainwright analyst K. Dede anticipates that the company will post earnings per share of ($0.04) for the quarter. HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for LiveOne’s Q4 2023 earnings at ($0.01) EPS, FY2023 earnings at ($0.06) EPS and FY2024 earnings at ($0.03) EPS.

Separately, Alliance Global Partners reduced their price objective on LiveOne from $5.00 to $3.50 in a research note on Friday, November 11th.

LiveOne Price Performance

Shares of LVO opened at $0.73 on Wednesday. The business’s fifty day moving average price is $0.77 and its 200 day moving average price is $0.91. LiveOne has a 12-month low of $0.56 and a 12-month high of $2.18. The stock has a market capitalization of $61.56 million, a PE ratio of -2.50 and a beta of 1.37.

Hedge Funds Weigh In On LiveOne

Institutional investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new stake in LiveOne during the 2nd quarter worth about $25,000. Mirabella Financial Services LLP acquired a new stake in LiveOne during the 1st quarter worth about $26,000. Integrated Wealth Concepts LLC boosted its position in LiveOne by 34.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,450 shares of the company’s stock worth $28,000 after acquiring an additional 8,250 shares during the period. FFT Wealth Management LLC acquired a new stake in shares of LiveOne during the 2nd quarter valued at about $32,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of LiveOne by 59.9% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

LiveOne Company Profile

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LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.

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