Live Nation Entertainment (NYSE:LYV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Live Nation Entertainment (NYSE:LYV) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other research firms also recently commented on LYV. TD Cowen reissued a “buy” rating on shares of Live Nation Entertainment in a research report on Monday, February 23rd. Wells Fargo & Company began coverage on Live Nation Entertainment in a research note on Wednesday, February 25th. They set an “overweight” rating and a $204.00 price target for the company. Oppenheimer reissued an “outperform” rating and set a $190.00 price objective on shares of Live Nation Entertainment in a report on Friday, February 20th. UBS Group raised their target price on Live Nation Entertainment from $164.00 to $181.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Zacks Research cut Live Nation Entertainment from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $183.65.

Live Nation Entertainment Price Performance

Shares of LYV opened at $165.51 on Friday. The business’s fifty day moving average is $149.94 and its 200 day moving average is $150.33. Live Nation Entertainment has a 12-month low of $112.88 and a 12-month high of $175.25. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 8.51. The stock has a market cap of $38.86 billion, a P/E ratio of -689.61 and a beta of 1.11.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($1.06) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). Live Nation Entertainment had a net margin of 1.79% and a return on equity of 48.11%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Live Nation Entertainment will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Live Nation Entertainment

Several hedge funds have recently modified their holdings of LYV. Principal Financial Group Inc. boosted its holdings in shares of Live Nation Entertainment by 22.1% in the 3rd quarter. Principal Financial Group Inc. now owns 9,725,776 shares of the company’s stock worth $1,589,196,000 after buying an additional 1,763,511 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Live Nation Entertainment during the third quarter worth about $1,606,000. Profund Advisors LLC raised its position in Live Nation Entertainment by 51.1% in the third quarter. Profund Advisors LLC now owns 11,141 shares of the company’s stock worth $1,820,000 after acquiring an additional 3,767 shares during the period. EFG Asset Management North America Corp. purchased a new position in Live Nation Entertainment in the third quarter valued at about $1,191,000. Finally, J. Safra Sarasin Holding AG bought a new position in shares of Live Nation Entertainment during the 3rd quarter valued at approximately $2,015,000. Institutional investors own 74.52% of the company’s stock.

Trending Headlines about Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: The settlement avoids the most severe outcome — an outright breakup of Ticketmaster from Live Nation — removing a major existential regulatory overhang. Article Title
• Positive Sentiment: Market reaction was positive: reports say shares rallied as the settlement reduces the risk of disruptive structural remedies and uncertainty that had depressed sentiment. Article Title
• Neutral Sentiment: The deal is proposed and still needs court approval; its final shape could change and some states or parties may continue separate actions. Article Title
• Neutral Sentiment: Live Nation issued a corporate statement confirming the settlement and noting prior court dismissals of some claims. Article Title
• Negative Sentiment: Terms reported include meaningful operational concessions: roughly $200M to states, opening portions of Ticketmaster’s platform to rivals, limits on long?term exclusivity, divestiture of around 10–13 amphitheaters, and caps on service fees — all of which could reduce Ticketmaster’s revenue and margin profile. Article Title
• Negative Sentiment: Several state attorneys general signaled they may continue their own cases or oppose parts of the deal, leaving residual legal and political risk. Article Title

About Live Nation Entertainment

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.