Live Nation Entertainment’s (LYV) Buy Rating Reiterated at TD Cowen

TD Cowen reaffirmed their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a report published on Tuesday, Benzinga reports. They currently have a $108.00 price target on the stock.

A number of other research analysts have also issued reports on LYV. Morgan Stanley raised their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an overweight rating in a report on Friday, February 23rd. Roth Capital upgraded Live Nation Entertainment from a neutral rating to a buy rating in a report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $124.00 to $126.00 and gave the company an overweight rating in a research report on Friday, February 23rd. Oppenheimer upped their target price on Live Nation Entertainment from $105.00 to $115.00 and gave the company an outperform rating in a report on Wednesday, February 21st. Finally, Roth Mkm raised shares of Live Nation Entertainment from a neutral rating to a buy rating and upped their price objective for the company from $92.00 to $114.00 in a research note on Friday, January 12th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $115.70.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $92.26 on Tuesday. The stock has a market cap of $21.29 billion, a PE ratio of 69.37 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 9.30. Live Nation Entertainment has a 12-month low of $64.96 and a 12-month high of $107.24. The business’s 50-day moving average price is $98.89 and its two-hundred day moving average price is $91.36.

Live Nation Entertainment (NYSE:LYV) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. As a group, analysts expect that Live Nation Entertainment will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total value of $100,600.50. Following the transaction, the director now directly owns 59,374 shares in the company, valued at approximately $5,967,087. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.85% of the company’s stock.

Hedge Funds Weigh In On Live Nation Entertainment

Several large investors have recently added to or reduced their stakes in LYV. Mango Five Family Inc. purchased a new position in shares of Live Nation Entertainment during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV boosted its holdings in Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Rise Advisors LLC grew its position in Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of Live Nation Entertainment during the 3rd quarter worth approximately $31,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $33,000. Institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.