LiveOne (NASDAQ:LVO) Rating Increased to Hold at Wall Street Zen

LiveOne (NASDAQ:LVO) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

LVO has been the subject of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a research report on Thursday, January 22nd. Alliance Global Partners reissued a “buy” rating and issued a $12.00 price objective on shares of LiveOne in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.

LiveOne Stock Performance

Shares of LVO stock opened at $4.96 on Friday. LiveOne has a fifty-two week low of $3.70 and a fifty-two week high of $9.80. The firm has a market capitalization of $57.78 million, a P/E ratio of -2.37 and a beta of 1.64. The stock’s fifty day moving average is $4.56 and its two-hundred day moving average is $4.88.

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

Hedge Funds Weigh In On LiveOne

A number of large investors have recently bought and sold shares of LVO. Rockefeller Capital Management L.P. purchased a new stake in shares of LiveOne in the second quarter valued at about $2,074,000. Jane Street Group LLC purchased a new position in LiveOne during the second quarter worth about $247,000. Y Intercept Hong Kong Ltd acquired a new stake in LiveOne in the second quarter valued at about $230,000. No Street GP LP purchased a new stake in LiveOne in the 3rd quarter valued at approximately $1,239,000. Finally, Marshall Wace LLP acquired a new position in LiveOne during the 2nd quarter worth approximately $174,000. Hedge funds and other institutional investors own 21.25% of the company’s stock.

LiveOne Company Profile

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.