Livexlive Media (NASDAQ:LIVX) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Livexlive Media (NASDAQ:LIVX) from a hold rating to a buy rating in a research report report published on Tuesday, ValuEngine reports.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Livexlive Media from a hold rating to a sell rating in a research note on Saturday, June 15th. Maxim Group set a $8.00 price objective on Livexlive Media and gave the company a buy rating in a research report on Wednesday, August 7th. Finally, HC Wainwright reaffirmed a buy rating and set a $6.00 price objective on shares of Livexlive Media in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Livexlive Media has a consensus rating of Buy and an average target price of $6.56.

NASDAQ LIVX opened at $2.38 on Tuesday. The company has a debt-to-equity ratio of 8.14, a current ratio of 0.43 and a quick ratio of 0.57. The stock has a market capitalization of $137.09 million, a PE ratio of -3.31 and a beta of 1.37. Livexlive Media has a 1 year low of $2.12 and a 1 year high of $7.23. The business’s 50-day moving average is $2.93 and its 200 day moving average is $4.45.

Livexlive Media (NASDAQ:LIVX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). The business had revenue of $9.50 million during the quarter, compared to the consensus estimate of $10.00 million. Livexlive Media had a negative return on equity of 297.90% and a negative net margin of 105.60%. As a group, equities research analysts anticipate that Livexlive Media will post -0.57 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of LIVX. BlackRock Inc. raised its holdings in shares of Livexlive Media by 277.5% during the 4th quarter. BlackRock Inc. now owns 1,363,258 shares of the company’s stock worth $6,748,000 after buying an additional 1,002,111 shares in the last quarter. Bank of New York Mellon Corp grew its position in Livexlive Media by 210.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock worth $390,000 after acquiring an additional 53,276 shares during the last quarter. Northern Trust Corp grew its position in Livexlive Media by 25.5% during the 4th quarter. Northern Trust Corp now owns 86,138 shares of the company’s stock worth $426,000 after acquiring an additional 17,511 shares during the last quarter. Geode Capital Management LLC grew its position in Livexlive Media by 56.7% during the 4th quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock worth $1,174,000 after acquiring an additional 85,855 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Livexlive Media by 9.3% during the 4th quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock worth $190,000 after acquiring an additional 3,288 shares during the last quarter. 22.13% of the stock is currently 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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