LiveOne (NASDAQ:LVO) Trading 4.1% Higher – Still a Buy?

LiveOne, Inc. (NASDAQ:LVO)’s stock price rose 4.1% during trading on Wednesday . The stock traded as high as $4.45 and last traded at $4.28. Approximately 46,051 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 54,945 shares. The stock had previously closed at $4.11.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

LiveOne Price Performance

The stock has a 50-day moving average price of $4.52 and a 200-day moving average price of $5.26. The company has a market capitalization of $49.78 million, a P/E ratio of -1.84 and a beta of 1.60.

LiveOne (NASDAQ:LVO) last posted 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 for the quarter, compared to the consensus estimate of $19.68 million. Sell-side analysts anticipate that LiveOne, Inc. will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On LiveOne

A number of institutional investors and hedge funds have recently made changes to their positions in LVO. Rockefeller Capital Management L.P. bought a new stake in LiveOne in the 2nd quarter valued at about $2,074,000. Jane Street Group LLC acquired a new stake in LiveOne in the second quarter valued at approximately $247,000. Y Intercept Hong Kong Ltd bought a new stake in shares of LiveOne during the second quarter valued at approximately $230,000. No Street GP LP bought a new stake in shares of LiveOne during the third quarter valued at approximately $1,239,000. Finally, Marshall Wace LLP acquired a new position in shares of LiveOne during the second quarter worth approximately $174,000. Institutional investors own 21.25% of the company’s stock.

LiveOne Company Profile

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.