Live Nation Entertainment, Inc. (NYSE:LYV)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a research note issued on Thursday, The Fly reports. They presently have a $44.00 price objective on the stock, up from their prior price objective of $36.00. Stephens’ price target points to a potential upside of 17.33% from the company’s previous close.

Several other research firms have also issued reports on LYV. Zacks Investment Research lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th. Macquarie reaffirmed an “outperform” rating and set a $38.00 price target on shares of Live Nation Entertainment in a research report on Sunday, May 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Live Nation Entertainment in a research report on Monday, June 5th. ValuEngine raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Guggenheim began coverage on Live Nation Entertainment in a research note on Wednesday, May 24th. They set a “buy” rating and a $40.00 price objective on the stock. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Live Nation Entertainment has a consensus rating of “Buy” and an average price target of $38.75.

Live Nation Entertainment (NYSE LYV) opened at 37.50 on Thursday. The firm’s market cap is $7.67 billion. Live Nation Entertainment has a 52-week low of $25.56 and a 52-week high of $38.02. The stock has a 50 day moving average of $35.88 and a 200-day moving average of $32.42.

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In other Live Nation Entertainment news, Director Robert Ted Enloe III sold 6,337 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $35.82, for a total value of $226,991.34. Following the completion of the sale, the director now owns 23,450 shares of the company’s stock, valued at $839,979. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elizabeth Kathleen Willard sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 286,216 shares of the company’s stock, valued at approximately $9,977,489.76. The disclosure for this sale can be found here. Insiders own 4.77% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Live Nation Entertainment by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,321 shares of the company’s stock valued at $185,000 after buying an additional 445 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in shares of Live Nation Entertainment during the second quarter valued at about $210,000. PICTET BANK & TRUST Ltd bought a new position in shares of Live Nation Entertainment during the first quarter valued at about $225,000. Oppenheimer Asset Management Inc. bought a new position in shares of Live Nation Entertainment during the first quarter valued at about $233,000. Finally, KBC Group NV bought a new position in shares of Live Nation Entertainment during the first quarter valued at about $238,000. 64.45% of the stock is currently owned by institutional investors.

Live Nation Entertainment Company Profile

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.

The Fly

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

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