LiveWire Group (NYSE:LVWR) Trading Down 6.3% – Time to Sell?

Shares of LiveWire Group, Inc. (NYSE:LVWR) fell 6.3% on Friday . The company traded as low as $4.27 and last traded at $4.1960. 31,148 shares traded hands during trading, a decline of 97% from the average session volume of 1,164,691 shares. The stock had previously closed at $4.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

LiveWire Group Trading Down 8.8%

The company has a market capitalization of $833.30 million, a PE ratio of -10.47 and a beta of 1.76. The firm has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $4.39.

LiveWire Group (NYSE:LVWR) last issued its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter. LiveWire Group had a negative return on equity of 90.76% and a negative net margin of 320.10%.The company had revenue of $5.70 million for the quarter.

Institutional Trading of LiveWire Group

A number of large investors have recently modified their holdings of the company. UBS Group AG grew its position in LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after purchasing an additional 17,672 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in LiveWire Group by 117.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after buying an additional 5,060 shares in the last quarter. Russell Investments Group Ltd. increased its position in LiveWire Group by 82.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after acquiring an additional 3,042 shares during the period. Vanguard Group Inc. raised its stake in LiveWire Group by 109.4% during the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after acquiring an additional 285,850 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in LiveWire Group during the third quarter valued at about $55,000. Institutional investors and hedge funds own 0.88% of the company’s stock.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.