LiveOne (NASDAQ:LVO) Downgraded to “Sell” Rating by Wall Street Zen

LiveOne (NASDAQ:LVO) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Alliance Global Partners restated a “buy” rating and issued a $12.00 price target on shares of LiveOne in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, LiveOne presently has an average rating of “Hold” and a consensus target price of $12.50.

LiveOne Stock Performance

Shares of LVO opened at $6.94 on Friday. The company’s fifty day moving average is $5.18 and its 200 day moving average is $4.89. LiveOne has a fifty-two week low of $3.70 and a fifty-two week high of $9.20. The stock has a market capitalization of $93.48 million, a PE ratio of -3.32 and a beta of 1.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LVO. Jane Street Group LLC bought a new position in LiveOne during the second quarter valued at $247,000. No Street GP LP bought a new position in LiveOne during the third quarter valued at $1,239,000. Marshall Wace LLP bought a new position in LiveOne during the second quarter valued at $174,000. Acadian Asset Management LLC increased its position in LiveOne by 2,891.7% during the first quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after acquiring an additional 142,560 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in LiveOne during the second quarter valued at $87,000. 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.