Livexlive Media (NASDAQ:LIVX) Posts Earnings Results, Misses Estimates By $0.01 EPS

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Livexlive Media (NASDAQ:LIVX) released its quarterly earnings data on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01), Fidelity Earnings reports. The company had revenue of $9.58 million for the quarter, compared to the consensus estimate of $10.70 million. Livexlive Media had a negative return on equity of 297.90% and a negative net margin of 105.60%.

Shares of LIVX traded up $0.13 on Friday, reaching $1.42. The company’s stock had a trading volume of 146,300 shares, compared to its average volume of 88,943. The firm has a fifty day moving average of $1.75 and a 200-day moving average of $2.95. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 8.14. Livexlive Media has a twelve month low of $1.29 and a twelve month high of $7.23. The stock has a market capitalization of $92.16 million, a PE ratio of -1.97 and a beta of 1.44.

In related news, CEO Robert S. Ellin purchased 13,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of $2.47 per share, for a total transaction of $32,110.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 74,599 shares of company stock valued at $181,410. 36.70% of the stock is currently owned by company insiders.

LIVX has been the topic of a number of research analyst reports. Maxim Group reissued a “buy” rating and set a $4.00 price objective on shares of Livexlive Media in a research report on Friday. Zacks Investment Research raised shares of Livexlive Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Roth Capital initiated 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. ValuEngine raised shares of Livexlive Media from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Finally, LADENBURG THALM/SH SH upgraded shares of Livexlive Media from a “neutral” rating to a “buy” rating and upped their target price for the stock from $2.00 to $3.25 in a report on Friday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $5.60.

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

Earnings History for Livexlive Media (NASDAQ:LIVX)

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