Jon Bekefy Sells 4,199 Shares of LiveWire Group (NYSE:LVWR) Stock

LiveWire Group, Inc. (NYSE:LVWR) insider Jon Bekefy sold 4,199 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $4.02, for a total value of $16,879.98. Following the completion of the sale, the insider owned 116,749 shares of the company’s stock, valued at $469,330.98. The trade was a 3.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LiveWire Group Stock Performance

NYSE:LVWR traded up $0.17 during trading hours on Tuesday, hitting $4.41. 68,482 shares of the company’s stock traded hands, compared to its average volume of 1,155,525. The stock’s fifty day moving average price is $4.83 and its two-hundred day moving average price is $4.48. The firm has a market cap of $898.78 million, a P/E ratio of -11.30 and a beta of 1.77. LiveWire Group, Inc. has a twelve month low of $0.93 and a twelve month high of $9.04.

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

Hedge Funds Weigh In On LiveWire Group

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in LiveWire Group by 82.0% during the third 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 in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in LiveWire Group in the second quarter worth approximately $35,000. BNP Paribas Financial Markets increased its stake in shares of LiveWire Group by 117.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after purchasing an additional 5,060 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of LiveWire Group by 119.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after purchasing an additional 5,812 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of LiveWire Group in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 0.88% of the company’s stock.

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LiveWire Group currently has an average rating of “Sell”.

LiveWire Group Company Profile

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.