Alpine Global Management LLC Has $124,000 Stake in LiveOne, Inc. $LVO

Alpine Global Management LLC lowered its stake in LiveOne, Inc. (NASDAQ:LVO) by 90.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the company’s stock after selling 270,000 shares during the period. Alpine Global Management LLC owned 0.26% of LiveOne worth $124,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LVO. Bank of America Corp DE lifted its holdings in LiveOne by 35.4% during the 4th quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock worth $88,000 after buying an additional 15,574 shares in the last quarter. Beacon Financial Advisory LLC bought a new stake in shares of LiveOne during the third quarter worth $97,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of LiveOne during the second quarter valued at $25,000. Qube Research & Technologies Ltd bought a new position in LiveOne in the second quarter valued at about $87,000. Finally, Acadian Asset Management LLC boosted its holdings in LiveOne by 2,891.7% in the first quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after acquiring an additional 142,560 shares during the last quarter. Institutional investors own 21.25% of the company’s stock.

Analyst Upgrades and Downgrades

LVO has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of LiveOne from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Alliance Global Partners reissued a “buy” rating and set a $12.00 price target on shares of LiveOne in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.50.

LiveOne Stock Up 4.1%

Shares of NASDAQ LVO opened at $5.57 on Thursday. LiveOne, Inc. has a twelve month low of $3.70 and a twelve month high of $9.80. The stock has a market cap of $64.89 million, a price-to-earnings ratio of -2.67 and a beta of 1.61. The company’s fifty day moving average is $4.82 and its 200-day moving average is $4.78.

LiveOne (NASDAQ:LVO) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.08. The business had revenue of $20.26 million for the quarter, compared to analyst estimates of $19.29 million. On average, research analysts anticipate that LiveOne, Inc. will post -0.1 EPS for the current fiscal year.

About LiveOne

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.