Live Nation Entertainment Inc. (NYSE:LYV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $26.31, but opened at $26.43. Live Nation Entertainment shares last traded at $26.91, with a volume of 535,965 shares changing hands.

A number of equities analysts have recently commented on the stock. Macquarie reaffirmed 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 reissued a “buy” rating and issued a $34.00 price objective on shares of Live Nation Entertainment in a research note on Wednesday, May 4th. Jefferies Group reissued a “buy” rating and issued a $31.00 price objective on shares of Live Nation Entertainment in a research note on Friday, July 29th. Northcoast Research raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, May 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of Live Nation Entertainment in a research note on Thursday. They issued an “overweight” rating and a $34.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Live Nation Entertainment has a consensus rating of “Buy” and an average target price of $31.43.

The company has a 50 day moving average of $25.55 and a 200 day moving average of $23.12. The company’s market cap is $5.44 billion.

Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, July 28th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. During the same quarter last year, the company posted $0.06 earnings per share. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $1.88 billion. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. Equities research analysts predict that Live Nation Entertainment Inc. will post ($0.11) earnings per share for the current fiscal year.

In related news, Director Robert Ted Enloe III sold 5,363 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $23.54, for a total transaction of $126,245.02. Following the transaction, the director now directly owns 19,061 shares in the company, valued at $448,695.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have recently made changes to their positions in the company. Royce & Associates LLC purchased a new position in shares of Live Nation Entertainment during the fourth quarter valued at about $1,690,000. Trexquant Investment LP raised its stake in shares of Live Nation Entertainment by 21.8% in the fourth quarter. Trexquant Investment LP now owns 79,685 shares of the company’s stock valued at $1,958,000 after buying an additional 14,266 shares in the last quarter. I.G. Investment Management LTD. raised its stake in shares of 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 valued at $7,791,000 after buying an additional 49,112 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Live Nation Entertainment by 61.2% in the fourth quarter. BlackRock Advisors LLC now owns 1,035,279 shares of the company’s stock valued at $25,437,000 after buying an additional 393,193 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Live Nation Entertainment by 2.2% in the fourth quarter. Jennison Associates LLC now owns 2,368,709 shares of the company’s stock valued at $58,199,000 after buying an additional 51,970 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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