LiveOne (NASDAQ:LVO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LiveOne (NASDAQ:LVO) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

Several other research firms have also recently weighed in on LVO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a research report on Thursday, January 22nd. Alliance Global Partners reaffirmed a “buy” rating and set a $12.00 price target on shares of LiveOne in a research note on Thursday, February 12th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.50.

LiveOne Price Performance

NASDAQ LVO opened at $5.43 on Friday. LiveOne has a one year low of $3.70 and a one year high of $9.80. The firm has a market cap of $63.26 million, a P/E ratio of -2.60 and a beta of 1.64. The stock’s 50-day moving average is $4.57 and its 200-day moving average is $4.86.

LiveOne (NASDAQ:LVO) last announced its earnings results on Thursday, February 12th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.08. The company had revenue of $20.26 million for the quarter, compared to analyst estimates of $19.29 million. Equities analysts anticipate that LiveOne will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in LiveOne by 28.2% in the 4th quarter. State Street Corp now owns 33,626 shares of the company’s stock valued at $159,000 after purchasing an additional 7,399 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of LiveOne in the fourth quarter valued at approximately $386,000. Renaissance Technologies LLC boosted its stake in shares of LiveOne by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock worth $304,000 after acquiring an additional 2,300 shares during the period. Geode Capital Management LLC increased its holdings in shares of LiveOne by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock worth $532,000 after acquiring an additional 5,985 shares during the last quarter. Finally, No Street GP LP bought a new stake in LiveOne in the 3rd quarter valued at $1,239,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.

About LiveOne

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.