Livexlive Media’s (LIVX) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Livexlive Media (NASDAQ:LIVX) in a report issued on Wednesday morning, AnalystRatings.com reports. They currently have a $4.50 price target on the stock.

Several other research firms have also recently issued reports on LIVX. Maxim Group reiterated a buy rating and issued a $4.00 price target on shares of Livexlive Media in a report on Friday, November 8th. LADENBURG THALM/SH SH upgraded Livexlive Media from a neutral rating to a buy rating and raised their price target for the company from $2.00 to $3.25 in a report on Friday, November 8th. ValuEngine upgraded Livexlive Media from a hold rating to a buy rating in a report on Tuesday, August 13th. Zacks Investment Research upgraded Livexlive Media from a sell rating to a hold rating in a report on Wednesday, October 9th. Finally, Roth Capital initiated coverage on Livexlive Media in a report on Wednesday, August 21st. They issued a buy rating and a $8.50 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Livexlive Media has an average rating of Buy and an average price target of $4.50.

Shares of LIVX stock traded up $0.04 during trading hours on Wednesday, reaching $1.27. 137,800 shares of the company’s stock were exchanged, compared to its average volume of 88,157. The business has a fifty day moving average price of $1.66 and a 200-day moving average price of $2.85. The company has a quick ratio of 0.43, a current ratio of 0.48 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $71.68 million, a P/E ratio of -1.76 and a beta of 1.44. Livexlive Media has a fifty-two week low of $1.11 and a fifty-two week high of $7.23.

Livexlive Media (NASDAQ:LIVX) last announced its earnings results on Thursday, November 7th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). The business had revenue of $9.58 million for the quarter, compared to the consensus estimate of $10.70 million. Livexlive Media had a negative return on equity of 501.10% and a negative net margin of 101.81%. As a group, research analysts expect that Livexlive Media will post -0.73 EPS for the current fiscal year.

In other news, CEO Robert S. Ellin purchased 13,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of $2.47 per share, for a total transaction of $32,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 64,663 shares of company stock worth $153,513. 36.70% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in Livexlive Media in the second quarter valued at about $44,000. Charles Schwab Investment Management Inc. lifted its stake in Livexlive Media by 8.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock valued at $295,000 after buying an additional 5,394 shares during the period. Northern Trust Corp lifted its stake in Livexlive Media by 2.3% in the second quarter. Northern Trust Corp now owns 302,615 shares of the company’s stock valued at $1,256,000 after buying an additional 6,841 shares during the period. 1492 Capital Management LLC lifted its stake in Livexlive Media by 643.4% in the second quarter. 1492 Capital Management LLC now owns 315,497 shares of the company’s stock valued at $1,309,000 after buying an additional 273,055 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Livexlive Media by 26.5% in the second quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock valued at $2,898,000 after buying an additional 146,419 shares during the period. 20.78% of the stock is currently owned by hedge funds and other institutional investors.

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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