Dawson James Comments on Livexlive Media Inc’s FY2020 Earnings (LIVX)

Livexlive Media Inc (OTCMKTS:LIVX) – Investment analysts at Dawson James decreased their FY2020 earnings per share (EPS) estimates for Livexlive Media in a research report issued on Thursday, November 15th. Dawson James analyst B. Sine now anticipates that the company will post earnings per share of $0.03 for the year, down from their prior forecast of $0.05. Dawson James also issued estimates for Livexlive Media’s Q4 2020 earnings at $0.27 EPS.

Several other brokerages have also weighed in on LIVX. Zacks Investment Research upgraded Livexlive Media from a “sell” rating to a “hold” rating in a report on Saturday, September 29th. HC Wainwright began coverage on Livexlive Media in a report on Friday, October 19th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, JMP Securities upped their target price on Livexlive Media from $5.00 to $6.00 and gave the company a “market outperform” rating in a report on Friday, August 17th.

Shares of Livexlive Media stock opened at $3.88 on Monday. Livexlive Media has a fifty-two week low of $2.52 and a fifty-two week high of $11.11.

Livexlive Media (OTCMKTS:LIVX) last announced its quarterly earnings results on Wednesday, November 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.02. The business had revenue of $7.97 million for the quarter, compared to analyst estimates of $8.20 million.

Several hedge funds and other institutional investors have recently modified their holdings of LIVX. Millennium Management LLC bought a new stake in Livexlive Media during the 1st quarter valued at approximately $268,000. Bank of New York Mellon Corp bought a new stake in Livexlive Media during the 2nd quarter valued at approximately $109,000. Balter Liquid Alternatives LLC bought a new stake in Livexlive Media during the 2nd quarter valued at approximately $145,000. BlackRock Inc. bought a new stake in Livexlive Media during the 2nd quarter valued at approximately $3,142,000. Finally, Northern Trust Corp bought a new stake in Livexlive Media during the 2nd quarter valued at approximately $373,000.

In related news, CEO Robert S. Ellin acquired 6,700 shares of the stock in a transaction dated Friday, September 14th. The shares were acquired at an average price of $4.90 per share, with a total value of $32,830.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert S. Ellin acquired 14,550 shares of the stock in a transaction dated Thursday, August 23rd. The shares were bought at an average cost of $4.31 per share, for a total transaction of $62,710.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 127,965 shares of company stock worth $627,018.

Livexlive Media Company Profile

LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.

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Earnings History and Estimates for Livexlive Media (OTCMKTS:LIVX)

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