Jeremiah Nienhuis Sells 10,732 Shares of LiveWire Group (NYSE:LVWR) Stock

LiveWire Group, Inc. (NYSE:LVWR) insider Jeremiah Nienhuis sold 10,732 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $2.38, for a total value of $25,542.16. Following the completion of the transaction, the insider owned 110,608 shares in the company, valued at $263,247.04. The trade was a 8.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LiveWire Group Price Performance

LiveWire Group stock opened at $1.76 on Friday. LiveWire Group, Inc. has a 52-week low of $0.65 and a 52-week 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 fifty day simple moving average of $1.20 and a 200-day simple moving average of $1.68. The company has a quick ratio of 3.60, a current ratio of 4.29 and a debt-to-equity ratio of 2.62.

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

Analyst Upgrades and Downgrades

LVWR has been the topic of a number of research reports. Wall Street Zen raised shares of LiveWire Group to a “hold” rating in a research note on Saturday. Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of LiveWire Group

Several hedge funds have recently made changes to their positions in LVWR. Russell Investments Group Ltd. raised its position in shares of LiveWire Group by 82.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after buying an additional 3,042 shares during the period. Rhumbline Advisers grew its position in LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after acquiring an additional 3,167 shares during the period. BNP Paribas Financial Markets increased its position in shares of LiveWire Group by 117.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after purchasing an additional 5,060 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of LiveWire Group during the 4th quarter worth about $49,000. Finally, Tower Research Capital LLC TRC increased its position in shares of LiveWire Group by 119.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after purchasing an additional 5,812 shares during the last quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.