Live Nation Entertainment Inc. (NYSE:LYV)’s share price gapped up before the market opened 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.

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

The company’s 50-day moving average is $25.01 and its 200 day moving average is $22.97. The firm’s market capitalization is $5.34 billion.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The firm earned $2.20 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 23.4% on a year-over-year basis. Equities analysts forecast 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 the business’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $23.54, for a total value of $126,245.02. Following the completion of the transaction, the director now owns 19,061 shares of the company’s stock, valued at $448,695.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Several institutional investors have recently bought and sold shares of the stock. 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 in the last quarter. 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 in the last quarter. Jennison Associates LLC raised its position in Live Nation Entertainment by 2.2% in the fourth quarter. Jennison Associates LLC now owns 2,368,709 shares of the company’s stock worth $58,199,000 after buying an additional 51,970 shares in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter.

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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