Livexlive Media (NASDAQ:LIVX) Rating Increased to Buy at ValuEngine

Livexlive Media (NASDAQ:LIVX) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, ValuEngine reports.

Several other analysts also recently commented on LIVX. Maxim Group set a $8.00 target price on shares of Livexlive Media and gave the stock a “buy” rating in a report on Wednesday, August 7th. HC Wainwright reaffirmed a “buy” rating and set a $6.00 target price on shares of Livexlive Media in a report on Friday, June 14th. Finally, Zacks Investment Research downgraded shares of Livexlive Media from a “hold” rating to a “sell” rating in a report on Saturday, June 15th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $6.56.

Shares of LIVX traded down $0.03 during midday trading on Tuesday, reaching $2.72. The stock had a trading volume of 34,908 shares, compared to its average volume of 78,999. The company’s 50 day simple moving average is $3.03. Livexlive Media has a one year low of $2.12 and a one year high of $7.23. The stock has a market cap of $154.64 million, a price-to-earnings ratio of -3.78 and a beta of 1.37. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.57 and a current ratio of 0.57.



Livexlive Media (NASDAQ:LIVX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $10.00 million. Livexlive Media had a negative return on equity of 231.67% and a negative net margin of 105.60%. As a group, analysts anticipate that Livexlive Media will post -0.52 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in LIVX. BlackRock Inc. raised its stake in Livexlive Media by 277.5% in the 4th quarter. BlackRock Inc. now owns 1,363,258 shares of the company’s stock worth $6,748,000 after purchasing an additional 1,002,111 shares in the last quarter. 1492 Capital Management LLC raised its stake in Livexlive Media by 643.4% in the 2nd quarter. 1492 Capital Management LLC now owns 315,497 shares of the company’s stock worth $1,309,000 after purchasing an additional 273,055 shares in the last quarter. Geode Capital Management LLC raised its stake in Livexlive Media by 56.7% in the 4th quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock worth $1,174,000 after purchasing an additional 85,855 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Livexlive Media by 210.4% in the 4th quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock worth $390,000 after purchasing an additional 53,276 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Livexlive Media by 25.5% in the 4th quarter. Northern Trust Corp now owns 86,138 shares of the company’s stock worth $426,000 after purchasing an additional 17,511 shares in the last quarter. 22.13% of the stock is owned by institutional investors and hedge funds.

About Livexlive Media

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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