LiveOne (NASDAQ:LVO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LiveOne (NASDAQ:LVO) from a sell rating to a hold rating in a research note released on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. Alliance Global Partners reaffirmed a “buy” rating on shares of LiveOne in a report on Tuesday, July 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of LiveOne in a research note on Tuesday, June 9th. Finally, UBS Group set a $8.00 target price on LiveOne in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, LiveOne has a consensus rating of “Hold” and a consensus price target of $11.00.

LiveOne Trading Down 3.5%

LVO opened at $3.83 on Friday. LiveOne has a twelve month low of $3.58 and a twelve month high of $7.19. The firm has a market capitalization of $52.52 million, a PE ratio of -2.19 and a beta of 1.66. The firm’s 50-day moving average price is $5.01 and its 200 day moving average price is $5.25.

LiveOne (NASDAQ:LVO) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.03. The business had revenue of $19.35 million during the quarter, compared to analyst estimates of $21.23 million. As a group, analysts predict that LiveOne will post -1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveOne

A number of hedge funds have recently modified their holdings of LVO. Jane Street Group LLC acquired a new position in LiveOne in the fourth quarter valued at about $386,000. Renaissance Technologies LLC boosted its stake in LiveOne by 3.7% during the fourth quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock worth $304,000 after buying an additional 2,300 shares during the period. Geode Capital Management LLC increased its position in shares of LiveOne by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock valued at $532,000 after acquiring an additional 5,985 shares during the last quarter. No Street GP LP acquired a new stake in shares of LiveOne during the third quarter valued at about $1,239,000. Finally, Marshall Wace LLP purchased a new stake in shares of LiveOne in the 2nd quarter valued at approximately $174,000. 21.25% of the stock is currently owned by hedge funds and other institutional investors.

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.