Live Nation Entertainment, Inc. (NYSE:LYV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Live Nation Entertainment, Inc. (NYSE:LYV) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $159.13.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Susquehanna started coverage on shares of Live Nation Entertainment in a report on Monday, April 28th. They set a “positive” rating and a $155.00 price objective on the stock. Bank of America boosted their target price on shares of Live Nation Entertainment from $149.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. The Goldman Sachs Group lifted their price objective on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Rosenblatt Securities cut their price objective on Live Nation Entertainment from $174.00 to $170.00 and set a “buy” rating for the company in a research note on Friday.

Insider Activity at Live Nation Entertainment

In other news, CAO Brian Capo sold 5,066 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total value of $624,333.84. Following the transaction, the chief accounting officer now directly owns 10,549 shares in the company, valued at approximately $1,300,058.76. This represents a 32.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $155.40, for a total transaction of $9,811,334.40. Following the transaction, the executive vice president now directly owns 195,346 shares of the company’s stock, valued at $30,356,768.40. The trade was a 24.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,702 shares of company stock worth $10,497,143. Insiders own 2.72% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new position in Live Nation Entertainment during the 4th quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in Live Nation Entertainment during the first quarter worth about $30,000. Chilton Capital Management LLC acquired a new stake in shares of Live Nation Entertainment during the first quarter worth about $33,000. World Investment Advisors LLC purchased a new position in shares of Live Nation Entertainment in the third quarter valued at approximately $38,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $40,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV opened at $136.10 on Tuesday. Live Nation Entertainment has a 1 year low of $86.81 and a 1 year high of $157.75. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average price is $128.29 and its 200 day moving average price is $132.64. The company has a market capitalization of $31.86 billion, a PE ratio of 50.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47.

Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Thursday, May 1st. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.63 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Live Nation Entertainment’s revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. On average, research analysts predict that Live Nation Entertainment will post 2.38 earnings per share for the current year.

Live Nation Entertainment Company Profile

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.