Litchfield Hills Research Brokers Raise Earnings Estimates for LiveOne, Inc. (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVO) – Equities research analysts at Litchfield Hills Research lifted their FY2024 EPS estimates for shares of LiveOne in a report issued on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings per share of ($0.09) for the year, up from their prior forecast of ($0.10). Litchfield Hills Research currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.06) per share.

LiveOne (NASDAQ:LVO) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $31.25 million for the quarter, compared to analysts’ expectations of $31.53 million.

LiveOne Price Performance

Shares of NASDAQ LVO opened at $1.90 on Thursday. The company has a market cap of $173.70 million, a PE ratio of -9.97 and a beta of 1.71. The company has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $1.41. LiveOne has a 12 month low of $0.84 and a 12 month high of $2.19.

Institutional Investors Weigh In On LiveOne

Several hedge funds have recently made changes to their positions in LVO. Exchange Traded Concepts LLC acquired a new stake in LiveOne in the 3rd quarter worth about $63,000. Barclays PLC acquired a new stake in shares of LiveOne in the third quarter worth approximately $70,000. FMR LLC boosted its position in shares of LiveOne by 1.6% in the third quarter. FMR LLC now owns 7,042,283 shares of the company’s stock worth $6,734,000 after acquiring an additional 109,383 shares during the last quarter. Acadian Asset Management LLC grew its holdings in LiveOne by 127.6% in the third quarter. Acadian Asset Management LLC now owns 94,239 shares of the company’s stock valued at $89,000 after purchasing an additional 52,830 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in shares of LiveOne during the 3rd quarter worth $72,000. Institutional investors and hedge funds own 21.25% of the company’s stock.

About LiveOne

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.