Livexlive Media (NASDAQ:LIVX) Trading Up 9.3%

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Livexlive Media Inc (NASDAQ:LIVX) was up 9.3% during trading on Wednesday . The company traded as high as $1.82 and last traded at $1.76, approximately 126,754 shares changed hands during trading. An increase of 43% from the average daily volume of 88,876 shares. The stock had previously closed at $1.61.

A number of equities research analysts have commented on LIVX shares. ValuEngine upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. Zacks Investment Research upgraded shares of Livexlive Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Roth Capital started coverage on shares of Livexlive Media in a research report on Wednesday, August 21st. They set a “buy” rating and a $8.50 price objective on the stock. Maxim Group set a $8.00 price objective on shares of Livexlive Media and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, LADENBURG THALM/SH SH cut shares of Livexlive Media from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $5.50 to $2.00 in a research report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $6.15.

The business’s fifty day moving average is $1.92 and its two-hundred day moving average is $3.22. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 8.14. The stock has a market capitalization of $92.74 million, a PE ratio of -2.44 and a beta of 1.48.

Livexlive Media (NASDAQ:LIVX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Livexlive Media had a negative return on equity of 297.90% and a negative net margin of 105.60%. The firm had revenue of $9.50 million for the quarter, compared to analysts’ expectations of $10.00 million. Sell-side analysts expect that Livexlive Media Inc will post -0.72 EPS for the current fiscal year.

In other Livexlive Media news, CEO Robert S. Ellin purchased 13,000 shares of Livexlive Media stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $2.47 per share, with a total value of $32,110.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 80,999 shares of company stock valued at $200,354 in the last ninety days. Company insiders own 36.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new position in Livexlive Media in the second quarter valued at about $44,000. Charles Schwab Investment Management Inc. boosted its holdings in Livexlive Media by 8.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock valued at $295,000 after purchasing an additional 5,394 shares during the last quarter. Northern Trust Corp boosted its holdings in Livexlive Media by 2.3% in the second quarter. Northern Trust Corp now owns 302,615 shares of the company’s stock valued at $1,256,000 after purchasing an additional 6,841 shares during the last quarter. 1492 Capital Management LLC boosted its holdings in Livexlive Media by 643.4% in the second quarter. 1492 Capital Management LLC now owns 315,497 shares of the company’s stock valued at $1,309,000 after purchasing an additional 273,055 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Livexlive Media by 26.5% in the second quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock valued at $2,898,000 after purchasing an additional 146,419 shares during the last quarter. 20.62% of the stock is owned by hedge funds and other institutional investors.

Livexlive Media Company Profile (NASDAQ:LIVX)

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.

See Also: How are institutional investors different from individual investors?

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