JMP Securities initiated coverage on shares of Livexlive Media (OTCMKTS:LIVX) in a research report sent to investors on Monday morning. The brokerage issued an outperform rating and a $5.00 price target on the stock.
Shares of Livexlive Media (OTCMKTS LIVX) opened at $3.87 on Monday. The company has a market cap of $196.91, a P/E ratio of -9.29 and a beta of -1.41. Livexlive Media has a 1 year low of $3.67 and a 1 year high of $7.50.
In other news, CEO Robert S. Ellin acquired 8,300 shares of Livexlive Media stock in a transaction dated Thursday, February 15th. The stock was acquired at an average cost of $3.90 per share, for a total transaction of $32,370.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.
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