Livexlive Media Inc (NASDAQ:LIVX) has earned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $5.53.
LIVX has been the topic of a number of recent research reports. JMP Securities upped their price objective on Livexlive Media from $3.50 to $4.00 and gave the stock a “market outperform” rating in a research report on Monday, May 11th. Maxim Group reaffirmed a “buy” rating and set a $5.00 price objective on shares of Livexlive Media in a research report on Tuesday, June 23rd. Alliance Global Partners upped their price objective on Livexlive Media from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Zacks Investment Research raised Livexlive Media from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Wednesday, June 24th. Finally, LADENBURG THALM/SH SH upped their price objective on Livexlive Media from $4.50 to $5.75 in a research report on Friday, June 19th.
Several hedge funds have recently modified their holdings of LIVX. Wedge Capital Management L L P NC acquired a new position in shares of Livexlive Media during the second quarter worth $552,000. Pinnacle Associates Ltd. acquired a new position in Livexlive Media in the first quarter valued at $130,000. Geode Capital Management LLC boosted its stake in Livexlive Media by 18.6% in the first quarter. Geode Capital Management LLC now owns 459,242 shares of the company’s stock valued at $725,000 after acquiring an additional 72,088 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Livexlive Media by 54.9% in the first quarter. Bank of New York Mellon Corp now owns 120,222 shares of the company’s stock valued at $190,000 after acquiring an additional 42,606 shares in the last quarter. Finally, First Manhattan Co. acquired a new position in Livexlive Media in the first quarter valued at $51,000. Hedge funds and other institutional investors own 32.58% of the company’s stock.
Shares of NASDAQ LIVX opened at $3.03 on Thursday. The firm has a market cap of $203.04 million, a price-to-earnings ratio of -4.33 and a beta of 1.37. Livexlive Media has a 52-week low of $0.72 and a 52-week high of $4.89. The business’s 50 day moving average is $3.69 and its two-hundred day moving average is $2.41.
Livexlive Media (NASDAQ:LIVX) last announced its earnings results on Thursday, June 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.15). The company had revenue of $9.88 million for the quarter, compared to analyst estimates of $9.89 million. Livexlive Media had a negative return on equity of 1,178.80% and a negative net margin of 100.69%. On average, analysts predict that Livexlive Media will post -0.51 EPS for the current fiscal year.
About Livexlive Media
LiveXLive Media, Inc a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; and Slacker Radio, a streaming music service, as well as produces original music-related content.
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