Roth Mkm Reiterates Buy Rating for LiveOne (NASDAQ:LVO)

LiveOne (NASDAQ:LVO)‘s stock had its “buy” rating restated by Roth Mkm in a note issued to investors on Thursday, Benzinga reports. They currently have a $3.00 target price on the stock. Roth Mkm’s price objective would indicate a potential upside of 170.54% from the stock’s current price.

LiveOne Price Performance

LiveOne stock traded up $0.03 during mid-day trading on Thursday, reaching $1.11. The stock had a trading volume of 151,585 shares, compared to its average volume of 322,667. LiveOne has a one year low of $0.48 and a one year high of $2.19. The company has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $1.51. The company has a market capitalization of $100.02 million, a price-to-earnings ratio of -7.39 and a beta of 1.59.

LiveOne (NASDAQ:LVO) last issued its earnings results on Thursday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $27.77 million during the quarter, compared to analysts’ expectations of $28.14 million. On average, equities research analysts anticipate that LiveOne will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LiveOne

A number of institutional investors and hedge funds have recently modified their holdings of LVO. Mirabella Financial Services LLP bought a new position in LiveOne in the first quarter worth approximately $26,000. Jane Street Group LLC bought a new position in LiveOne in the 1st quarter worth $38,000. JPMorgan Chase & Co. lifted its position in LiveOne by 10,194.9% during the second quarter. JPMorgan Chase & Co. now owns 24,296 shares of the company’s stock valued at $43,000 after purchasing an additional 24,060 shares in the last quarter. XTX Topco Ltd bought a new stake in LiveOne during the second quarter valued at about $44,000. Finally, Prudential Financial Inc. purchased a new stake in LiveOne in the first quarter worth about $45,000. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

LiveOne Company Profile

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.