LiveOne (NASDAQ:LVO) Stock Price Up 0.9% – Time to Buy?

LiveOne, Inc. (NASDAQ:LVO)’s share price rose 0.9% during mid-day trading on Thursday . The stock traded as high as $4.85 and last traded at $4.68. Approximately 55,183 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 73,235 shares. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

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

LiveOne Stock Performance

The firm has a market capitalization of $54.52 million, a P/E ratio of -2.24 and a beta of 1.58. The business’s fifty day moving average price is $5.04 and its two-hundred day moving average price is $4.78.

LiveOne (NASDAQ:LVO) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08. The firm had revenue of $20.26 million during the quarter, compared to the consensus estimate of $19.29 million. Sell-side analysts predict that LiveOne, Inc. will post -0.1 earnings per share for the current year.

Institutional Trading of LiveOne

Institutional investors have recently bought and sold shares of the stock. Beacon Financial Advisory LLC acquired a new stake in LiveOne in the 3rd quarter worth approximately $97,000. State Street Corp boosted its stake in LiveOne by 28.2% in the 4th quarter. State Street Corp now owns 33,626 shares of the company’s stock worth $159,000 after purchasing an additional 7,399 shares in the last quarter. Bank of America Corp DE boosted its stake in LiveOne by 35.4% in the 4th quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock worth $88,000 after purchasing an additional 15,574 shares in the last quarter. Renaissance Technologies LLC lifted its stake in LiveOne by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock valued at $304,000 after acquiring an additional 2,300 shares during the period. Finally, Jane Street Group LLC acquired a new stake in LiveOne during the 4th quarter valued at approximately $386,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.

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.