LiveOne (NASDAQ:LVO) Stock Rating Upgraded by Wall Street Zen

LiveOne (NASDAQ:LVO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, Alliance Global Partners reissued a “buy” rating and issued a $12.00 target price 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.50.

LiveOne Stock Up 0.3%

Shares of NASDAQ LVO opened at $6.62 on Friday. The stock has a market cap of $89.17 million, a PE ratio of -3.17 and a beta of 1.53. LiveOne has a 52-week low of $3.70 and a 52-week high of $9.20. The business has a 50-day moving average price of $5.34 and a 200 day moving average price of $4.95.

Institutional Trading of LiveOne

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of LiveOne in the 2nd quarter valued at approximately $247,000. No Street GP LP acquired a new stake in shares of LiveOne in the 3rd quarter valued at approximately $1,239,000. Marshall Wace LLP acquired a new stake in shares of LiveOne in the 2nd quarter valued at approximately $174,000. Acadian Asset Management LLC lifted its holdings in shares of LiveOne by 2,891.7% in the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock valued at $101,000 after buying an additional 142,560 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of LiveOne in the 2nd quarter valued at approximately $87,000. 21.25% of the stock is owned by institutional investors and hedge funds.

About LiveOne

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.