Zacks Investment Research upgraded shares of Livexlive Media (OTCMKTS:LIVX) from a sell rating to a hold rating in a research note released on Friday morning.

According to Zacks, “LiveXLive Media, Inc. is a wholly owned subsidiary of Loton, Corp which provide premium internet networks devoted to live music and music-related video content. The company provides an online destination for music fans to enjoy premium live performances from music venues and leading music festivals, such as Rock in Rio, Outside Lands Music and Arts Festival, Hangout Music Festival as well as premium original content, artist exclusives and industry interviews. LiveXLive Media Inc., formerly known as Loton Corp., is based in Beverly Hills, United States. “

LIVX has been the topic of several other reports. HC Wainwright initiated coverage on shares of Livexlive Media in a report on Friday, October 19th. They set a buy rating and a $6.00 target price on the stock. JMP Securities raised their target price on shares of Livexlive Media from $5.00 to $6.00 and gave the stock a market outperform rating in a report on Friday, August 17th.

Livexlive Media stock opened at $4.85 on Friday. Livexlive Media has a twelve month low of $2.52 and a twelve month high of $11.11.

Livexlive Media (OTCMKTS:LIVX) last released its quarterly earnings results on Wednesday, November 14th. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.02. The company had revenue of $7.97 million during the quarter, compared to the consensus estimate of $8.20 million.

In other Livexlive Media news, CEO Robert S. Ellin bought 16,201 shares of the stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $3.97 per share, with a total value of $64,317.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert S. Ellin bought 6,700 shares of the stock in a transaction dated Friday, September 14th. The shares were acquired at an average cost of $4.90 per share, for a total transaction of $32,830.00. The disclosure for this purchase can be found here. Insiders have bought 122,678 shares of company stock worth $595,789 over the last ninety days.

Several institutional investors and hedge funds have recently made changes to their positions in LIVX. Bank of New York Mellon Corp bought a new position in Livexlive Media in the second quarter valued at approximately $109,000. Balter Liquid Alternatives LLC bought a new position in Livexlive Media in the second quarter valued at approximately $145,000. Northern Trust Corp bought a new position in Livexlive Media in the second quarter valued at approximately $373,000. Millennium Management LLC bought a new position in Livexlive Media in the first quarter valued at approximately $268,000. Finally, BlackRock Inc. bought a new position in Livexlive Media in the second quarter valued at approximately $3,142,000.

About Livexlive Media

LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.

Read More: What is a Reverse Stock Split?

Get a free copy of the Zacks research report on Livexlive Media (LIVX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Livexlive Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livexlive Media and related companies with MarketBeat.com's FREE daily email newsletter.