Live Nation Entertainment (LYV) Earning Somewhat Favorable News Coverage, Analysis Shows

News coverage about Live Nation Entertainment (NYSE:LYV) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Nation Entertainment earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 74 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

A number of equities analysts recently commented on LYV shares. Goldman Sachs Group, Inc. (The) started coverage on Live Nation Entertainment in a research note on Monday, April 3rd. They set a “buy” rating and a $35.00 price target for the company. Northcoast Research lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Monday, June 19th. They noted that the move was a valuation call. Macquarie increased their price target on Live Nation Entertainment from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, April 24th. ValuEngine raised Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered Live Nation Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Live Nation Entertainment currently has a consensus rating of “Buy” and a consensus price target of $37.38.

Shares of Live Nation Entertainment (NYSE LYV) opened at 37.48 on Friday. The stock has a 50 day moving average price of $35.49 and a 200 day moving average price of $31.85. Live Nation Entertainment has a 1-year low of $25.56 and a 1-year high of $37.73. The company’s market capitalization is $7.66 billion.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, May 4th. The company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.11. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Live Nation Entertainment had a negative return on equity of 0.16% and a negative net margin of 0.03%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that Live Nation Entertainment will post $0.15 EPS for the current fiscal year.

In related news, Director James S. Kahan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $34.01, for a total value of $340,100.00. Following the transaction, the director now directly owns 82,605 shares in the company, valued at $2,809,396.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Ted Enloe III sold 6,337 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $35.82, for a total value of $226,991.34. Following the completion of the transaction, the director now owns 23,450 shares in the company, valued at $839,979. The disclosure for this sale can be found here. Insiders sold 36,337 shares of company stock worth $1,264,291 over the last quarter. 4.77% of the stock is currently owned by insiders.

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About Live Nation Entertainment

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Insider Buying and Selling by Quarter for Live Nation Entertainment (NYSE:LYV)

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