LiveWire Group (NYSE:LVWR) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of LiveWire Group (NYSE:LVWR) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

LiveWire Group Stock Down 14.3%

NYSE:LVWR opened at $1.76 on Friday. LiveWire Group has a twelve month low of $0.65 and a twelve month high of $6.44. The firm has a market capitalization of $360.66 million, a price-to-earnings ratio of -4.77 and a beta of 1.71. The company has a quick ratio of 3.60, a current ratio of 4.29 and a debt-to-equity ratio of 2.62. The stock’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.68.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 161.65%. The company had revenue of $9.12 million during the quarter.

Insider Activity at LiveWire Group

In other news, insider Jeremiah Nienhuis sold 10,732 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $2.38, for a total value of $25,542.16. Following the completion of the sale, the insider directly owned 110,608 shares of the company’s stock, valued at $263,247.04. This trade represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Karim Donnez sold 230,557 shares of LiveWire Group stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $2.33, for a total value of $537,197.81. Following the transaction, the chief executive officer owned 1,344,076 shares of the company’s stock, valued at $3,131,697.08. This represents a 14.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiveWire Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after purchasing an additional 285,850 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LiveWire Group by 102.0% during the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock worth $2,014,000 after buying an additional 221,071 shares during the period. UBS Group AG boosted its holdings in shares of LiveWire Group by 12.4% during the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after buying an additional 17,672 shares during the period. State of Wisconsin Investment Board grew its stake in LiveWire Group by 30.2% in the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after buying an additional 20,000 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in LiveWire Group by 244.0% in the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after buying an additional 43,080 shares during the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.

LiveWire Group Company Profile

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.