Robert S. Ellin Acquires 2,568 Shares of Livexlive Media Inc (LIVX) Stock

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Livexlive Media Inc (NASDAQ:LIVX) CEO Robert S. Ellin purchased 2,568 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $5.72 per share, for a total transaction of $14,688.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

LIVX traded up $0.24 during trading hours on Friday, hitting $5.99. The company’s stock had a trading volume of 300 shares, compared to its average volume of 97,065. Livexlive Media Inc has a fifty-two week low of $2.52 and a fifty-two week high of $11.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $299.02 million, a P/E ratio of -12.50 and a beta of 1.23.

Livexlive Media (NASDAQ:LIVX) last posted its earnings results on Tuesday, February 12th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. Livexlive Media had a negative return on equity of 134.46% and a negative net margin of 117.50%. The firm had revenue of $8.96 million for the quarter, compared to analysts’ expectations of $9.01 million. Equities analysts anticipate that Livexlive Media Inc will post -0.73 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Livexlive Media by 56.7% during the 4th quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock valued at $1,174,000 after purchasing an additional 85,855 shares during the period. FMR LLC increased its position in shares of Livexlive Media by 2.2% during the 4th quarter. FMR LLC now owns 4,110,233 shares of the company’s stock valued at $20,346,000 after purchasing an additional 90,233 shares during the period. 1492 Capital Management LLC acquired a new position in shares of Livexlive Media during the 4th quarter valued at $210,000. American International Group Inc. increased its position in shares of Livexlive Media by 508.2% during the 4th quarter. American International Group Inc. now owns 19,388 shares of the company’s stock valued at $96,000 after purchasing an additional 16,200 shares during the period. Finally, Northern Trust Corp increased its position in shares of Livexlive Media by 25.5% during the 4th quarter. Northern Trust Corp now owns 86,138 shares of the company’s stock valued at $426,000 after purchasing an additional 17,511 shares during the period. Hedge funds and other institutional investors own 21.42% of the company’s stock.

LIVX has been the topic of a number of research reports. Zacks Investment Research cut Livexlive Media from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Livexlive Media in a research report on Thursday, December 13th.

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Livexlive Media Company Profile

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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Insider Buying and Selling by Quarter for Livexlive Media (NASDAQ:LIVX)

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