Livexlive Media (NASDAQ:LIVX) Announces Earnings Results

Livexlive Media (NASDAQ:LIVX) released its earnings results on Thursday. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01), Fidelity Earnings reports. The business had revenue of $9.58 million for the quarter, compared to analysts’ expectations of $10.70 million. Livexlive Media had a negative net margin of 105.60% and a negative return on equity of 297.90%.

Shares of Livexlive Media stock traded up $0.13 on Friday, hitting $1.42. 146,300 shares of the company’s stock traded hands, compared to its average volume of 88,943. The stock has a market cap of $92.16 million, a P/E ratio of -1.97 and a beta of 1.44. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 8.14. Livexlive Media has a 52-week low of $1.29 and a 52-week high of $7.23. The firm’s 50-day moving average is $1.75 and its 200 day moving average is $2.95.

Several research firms have recently commented on LIVX. ValuEngine upgraded Livexlive Media from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. Maxim Group reiterated a “buy” rating and set a $4.00 target price on shares of Livexlive Media in a research note on Friday. Roth Capital began coverage on Livexlive Media in a research note on Wednesday, August 21st. They set a “buy” rating and a $8.50 target price for the company. Zacks Investment Research upgraded Livexlive Media from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, LADENBURG THALM/SH SH upgraded Livexlive Media from a “neutral” rating to a “buy” rating and increased their target price for the company from $2.00 to $3.25 in a research note on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $5.60.

In other news, CEO Robert S. Ellin bought 13,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $2.47 per share, with a total value of $32,110.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 74,599 shares of company stock worth $181,410 over the last three months. Corporate insiders own 36.70% of the company’s stock.

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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Earnings History for Livexlive Media (NASDAQ:LIVX)

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