LiveOne (NASDAQ:LVO) Upgraded to Hold 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 released on Saturday morning.

LVO has been the topic of several other reports. Alliance Global Partners reissued a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.50.

LiveOne Trading Down 0.9%

Shares of NASDAQ LVO opened at $4.48 on Friday. The company has a market capitalization of $61.02 million, a P/E ratio of -2.31 and a beta of 1.60. LiveOne has a 12 month low of $3.70 and a 12 month high of $7.20. The stock has a 50 day moving average of $5.77 and a 200-day moving average of $5.27.

LiveOne (NASDAQ:LVO) last posted its quarterly earnings results on Wednesday, June 24th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.34). The company had revenue of $18.92 million during the quarter, compared to analyst estimates of $19.76 million. Analysts predict that LiveOne will post -0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in LiveOne in the second quarter valued at approximately $247,000. No Street GP LP bought a new stake in LiveOne during the third quarter worth $1,239,000. Marshall Wace LLP bought a new stake in LiveOne during the second quarter worth $174,000. Acadian Asset Management LLC boosted its holdings in shares of LiveOne by 2,891.7% in the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after purchasing an additional 142,560 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of LiveOne in the 2nd quarter valued at $87,000. Institutional investors own 21.25% of the company’s stock.

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.