LiveOne (NASDAQ:LVO) Stock Price Down 5% – Time to Sell?

LiveOne, Inc. (NASDAQ:LVO) shares traded down 5% during trading on Monday . The stock traded as low as $4.71 and last traded at $4.89. 107,470 shares were traded during mid-day trading, an increase of 14% from the average session volume of 93,915 shares. The stock had previously closed at $5.15.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Roth Capital decreased their target price on LiveOne from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LiveOne in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LiveOne presently has a consensus rating of “Hold” and a consensus price target of $13.00.

LiveOne Trading Down 5.0%

The company has a 50 day simple moving average of $4.82 and a 200-day simple moving average of $5.94. The stock has a market cap of $56.87 million, a price-to-earnings ratio of -2.11 and a beta of 1.67.

LiveOne (NASDAQ:LVO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.07). The firm had revenue of $18.76 million during the quarter, compared to the consensus estimate of $19.68 million. Equities analysts forecast that LiveOne, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of LiveOne

Several institutional investors and hedge funds have recently bought and sold shares of the business. Catalyst Funds Management Pty Ltd acquired a new stake in LiveOne during the second quarter worth approximately $25,000. Apollon Wealth Management LLC acquired a new position in LiveOne in the second quarter valued at about $27,000. Bank of America Corp DE lifted its holdings in shares of LiveOne by 95.7% during the 2nd quarter. Bank of America Corp DE now owns 65,945 shares of the company’s stock worth $50,000 after acquiring an additional 32,248 shares during the period. Nuveen LLC acquired a new stake in shares of LiveOne in the 1st quarter valued at $63,000. Finally, Qube Research & Technologies Ltd acquired a new stake in LiveOne in the second quarter valued at about $87,000. 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.