Live Nation Entertainment Inc. (NYSE:LYV) gapped up prior to trading on Thursday . The stock had previously closed at $26.35, but opened at $26.38. Live Nation Entertainment shares last traded at $26.74, with a volume of 424,517 shares traded.

Several equities research analysts have weighed in on the company. Macquarie reiterated a “buy” rating and issued a $31.00 target price (up from $30.00) on shares of Live Nation Entertainment in a report on Wednesday, May 4th. Albert Fried & Company reiterated a “buy” rating and issued a $34.00 target price on shares of Live Nation Entertainment in a report on Wednesday, May 4th. Jefferies Group reiterated a “buy” rating and issued a $31.00 target price on shares of Live Nation Entertainment in a report on Friday, July 29th. Northcoast Research upgraded Live Nation Entertainment from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, May 2nd. Finally, Zacks Investment Research upgraded Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, June 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Live Nation Entertainment presently has an average rating of “Buy” and an average target price of $31.00.

The firm’s market cap is $5.41 billion. The stock’s 50-day moving average is $24.94 and its 200 day moving average is $22.93.

Live Nation Entertainment (NYSE:LYV) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm earned $2.20 billion during the quarter, compared to analyst estimates of $1.88 billion. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts predict that Live Nation Entertainment Inc. will post ($0.12) earnings per share for the current fiscal year.

In other news, Director Robert Ted Enloe III sold 5,363 shares of Live Nation Entertainment stock in a transaction on Monday, June 13th. The stock was sold at an average price of $23.54, for a total value of $126,245.02. Following the completion of the sale, the director now directly owns 19,061 shares of the company’s stock, valued at $448,695.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several large investors have recently modified their holdings of LYV. Royce & Associates LLC purchased a new stake in shares of Live Nation Entertainment during the fourth quarter worth $1,690,000. Trexquant Investment LP raised its position in Live Nation Entertainment by 21.8% in the fourth quarter. Trexquant Investment LP now owns 79,685 shares of the company’s stock worth $1,958,000 after buying an additional 14,266 shares during the period. Foresters Investment Management Company Inc. raised its position in Live Nation Entertainment by 27.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 210,000 shares of the company’s stock worth $5,160,000 after buying an additional 45,000 shares during the period. I.G. Investment Management LTD. raised its position in Live Nation Entertainment by 18.3% in the fourth quarter. I.G. Investment Management LTD. now owns 317,110 shares of the company’s stock worth $7,791,000 after buying an additional 49,112 shares during the period. Finally, BlackRock Advisors LLC raised its position in Live Nation Entertainment by 61.2% in the fourth quarter. BlackRock Advisors LLC now owns 1,035,279 shares of the company’s stock worth $25,437,000 after buying an additional 393,193 shares during the period.

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.

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