JMP Securities initiated coverage on shares of Livexlive Media (OTCMKTS:LIVX) in a research report issued on Monday. The firm set an “outperform” rating and a $5.00 price target on the stock. JMP Securities’ price target suggests a potential upside of 29.20% from the company’s previous close.
Livexlive Media (OTCMKTS LIVX) traded down $0.03 during midday trading on Monday, hitting $3.87. The stock had a trading volume of 4,359 shares, compared to its average volume of 24,128. Livexlive Media has a 1 year low of $3.67 and a 1 year high of $7.50. The company has a market capitalization of $196.91, a P/E ratio of -9.29 and a beta of -1.41.
In related news, CEO Robert S. Ellin acquired 8,300 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were purchased at an average price of $3.90 per share, with a total value of $32,370.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
About Livexlive Media
LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.
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