LiveOne, Inc. Forecasted to Post FY2024 Earnings of ($0.09) Per Share (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVO) – Research analysts at Litchfield Hills Research upped their FY2024 earnings per share estimates for shares of LiveOne in a research note issued on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now forecasts that the company will earn ($0.09) per share for the year, up from their previous estimate of ($0.10). Litchfield Hills Research currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.07) per share.

LiveOne (NASDAQ:LVO) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $31.25 million during the quarter, compared to analyst estimates of $31.53 million.

LiveOne Trading Down 1.6 %

LVO opened at $1.85 on Thursday. LiveOne has a 1-year low of $0.84 and a 1-year high of $2.19. The stock’s fifty day simple moving average is $1.80 and its 200 day simple moving average is $1.40. The stock has a market cap of $169.57 million, a PE ratio of -9.74 and a beta of 1.71.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of LiveOne in the third quarter worth $70,000. Exchange Traded Concepts LLC boosted its stake in LiveOne by 83.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 121,198 shares of the company’s stock valued at $168,000 after buying an additional 55,092 shares in the last quarter. Citigroup Inc. acquired a new stake in LiveOne in the third quarter valued at about $121,000. Alpine Global Management LLC acquired a new stake in LiveOne in the third quarter valued at about $72,000. Finally, FMR LLC boosted its stake in LiveOne by 1.6% in the third quarter. FMR LLC now owns 7,042,283 shares of the company’s stock valued at $6,734,000 after buying an additional 109,383 shares in the last quarter. Institutional investors own 21.25% of the company’s stock.

About LiveOne

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.