LiveOne, Inc. Forecasted to Post FY2024 Earnings of ($0.09) Per Share (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVO) – Analysts at Litchfield Hills Research increased their FY2024 EPS estimates for shares of LiveOne in a research note issued on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now expects that the company will earn ($0.09) per share for the year, up from their prior estimate of ($0.10). Litchfield Hills Research currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.07) per share.

LiveOne (NASDAQ:LVO) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $31.25 million during the quarter, compared to analyst estimates of $31.53 million.

LiveOne Stock Performance

Shares of LVO stock opened at $1.85 on Thursday. The firm has a fifty day moving average of $1.80 and a 200-day moving average of $1.40. LiveOne has a 52-week low of $0.84 and a 52-week high of $2.19. The stock has a market cap of $169.57 million, a price-to-earnings ratio of -9.74 and a beta of 1.71.

Institutional Investors Weigh In On LiveOne

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of LiveOne by 127.6% in the 3rd quarter. Acadian Asset Management LLC now owns 94,239 shares of the company’s stock worth $89,000 after purchasing an additional 52,830 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of LiveOne by 83.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 121,198 shares of the company’s stock worth $168,000 after acquiring an additional 55,092 shares during the last quarter. Barclays PLC bought a new position in shares of LiveOne in the third quarter worth about $70,000. Alpine Global Management LLC acquired a new position in shares of LiveOne during the third quarter worth approximately $72,000. Finally, FMR LLC grew its stake in shares of LiveOne by 1.6% during the third quarter. FMR LLC now owns 7,042,283 shares of the company’s stock valued at $6,734,000 after purchasing an additional 109,383 shares during the last quarter. Institutional investors own 21.25% of the company’s stock.

LiveOne Company Profile

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.