LiveOne (NASDAQ:LVO) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of LiveOne, Inc. (NASDAQ:LVO) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $3.08 and traded as high as $3.30. LiveOne shares last traded at $3.16, with a volume of 246,279 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LVO shares. Weiss Ratings downgraded LiveOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 19th. Alliance Global Partners reaffirmed a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Wall Street Zen upgraded LiveOne from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, UBS Group set a $8.00 price target on LiveOne in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, LiveOne has a consensus rating of “Hold” and an average target price of $10.00.

LiveOne Price Performance

The firm has a market cap of $43.33 million, a price-to-earnings ratio of -1.81 and a beta of 1.67. The business’s 50-day moving average price is $3.08 and its two-hundred day moving average price is $4.65.

LiveOne (NASDAQ:LVO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. The company had revenue of $19.35 million during the quarter, compared to the consensus estimate of $21.23 million. Equities analysts predict that LiveOne, Inc. will post -1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LiveOne

A hedge fund recently bought a new position in LiveOne stock. Integrated Wealth Concepts LLC purchased a new position in shares of LiveOne, Inc. (NASDAQ:LVO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,262 shares of the company’s stock, valued at approximately $53,000. Integrated Wealth Concepts LLC owned about 0.06% of LiveOne as of its most recent filing with the Securities and Exchange Commission (SEC). 21.25% of the stock is currently owned by institutional investors.

LiveOne Company Profile

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company that develops and distributes music, podcasting, and live-event content. Its offerings are designed to provide consumers with access to streaming audio, original programming, digital radio, and interactive entertainment experiences across connected devices.

The company operates the LiveOne platform, which features music and live entertainment programming, including livestreamed concerts, festivals, and other artist-focused events.