Live Nation Entertainment, Inc. (NYSE:LYV) has earned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.43.

A number of equities analysts have recently weighed in on the stock. Northcoast Research downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. Jefferies Group LLC reissued a “buy” rating and set a $36.00 target price on shares of Live Nation Entertainment in a research report on Monday, June 5th. ValuEngine raised shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Guggenheim started coverage on shares of Live Nation Entertainment in a research report on Wednesday, May 24th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Citigroup Inc. reissued a “buy” rating and set a $39.00 target price (up from $32.00) on shares of Live Nation Entertainment in a research report on Friday, May 19th.

In related news, CFO Elizabeth Kathleen Willard sold 20,000 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $34.86, for a total value of $697,200.00. Following the completion of the sale, the chief financial officer now owns 286,216 shares in the company, valued at $9,977,489.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James S. Kahan sold 10,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $34.01, for a total transaction of $340,100.00. Following the completion of the sale, the director now owns 82,605 shares of the company’s stock, valued at approximately $2,809,396.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,337 shares of company stock worth $1,264,291. 4.77% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC boosted its stake in Live Nation Entertainment by 198.9% in the fourth quarter. Highbridge Capital Management LLC now owns 10,582 shares of the company’s stock valued at $282,000 after buying an additional 21,282 shares during the last quarter. Sciencast Management LP bought a new stake in Live Nation Entertainment during the fourth quarter valued at $277,000. Credit Agricole S A bought a new stake in Live Nation Entertainment during the fourth quarter valued at $115,000. Foresters Investment Management Company Inc. boosted its stake in Live Nation Entertainment by 12.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 262,500 shares of the company’s stock valued at $7,151,000 after buying an additional 30,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Live Nation Entertainment during the fourth quarter valued at $1,984,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Live Nation Entertainment (NYSE:LYV) opened at 35.67 on Tuesday. The firm’s market capitalization is $7.29 billion. The company’s 50-day moving average price is $34.42 and its 200 day moving average price is $30.28. Live Nation Entertainment has a one year low of $22.20 and a one year high of $36.44.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.11. Live Nation Entertainment had a negative net margin of 0.03% and a negative return on equity of 0.16%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.27 billion. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts forecast that Live Nation Entertainment will post $0.13 earnings per share for the current year.

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About Live Nation Entertainment

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. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

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