LiveOne, Inc. (NASDAQ:LVO) Short Interest Update

LiveOne, Inc. (NASDAQ:LVO) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 281,424 shares, a growth of 129.6% from the July 30th total of 122,578 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average trading volume of 68,034 shares, the short-interest ratio is currently 4.1 days.

LiveOne Trading Down 2.3%

NASDAQ LVO traded down $0.09 during trading on Friday, reaching $3.87. The company’s stock had a trading volume of 35,059 shares, compared to its average volume of 59,467. The business has a 50-day moving average price of $4.82 and a 200-day moving average price of $5.23. LiveOne has a 1-year low of $3.58 and a 1-year high of $7.19. The stock has a market capitalization of $53.06 million, a PE ratio of -2.21 and a beta of 1.66.

LiveOne (NASDAQ:LVO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. The business had revenue of $19.35 million during the quarter, compared to the consensus estimate of $21.23 million. As a group, analysts expect that LiveOne will post -1.21 earnings per share for the current year.

Institutional Investors Weigh In On LiveOne

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of LiveOne by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 64,408 shares of the company’s stock worth $304,000 after acquiring an additional 2,300 shares during the period. Geode Capital Management LLC boosted its stake in shares of LiveOne by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 112,743 shares of the company’s stock valued at $532,000 after purchasing an additional 5,985 shares in the last quarter. State Street Corp raised its stake in shares of LiveOne by 28.2% in the fourth quarter. State Street Corp now owns 33,626 shares of the company’s stock valued at $159,000 after acquiring an additional 7,399 shares during the last quarter. Bank of America Corp DE boosted its stake in LiveOne by 35.4% in the fourth quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock worth $88,000 after purchasing an additional 15,574 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of LiveOne in the first quarter valued at about $110,000. 21.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a research note on Tuesday, June 9th. Alliance Global Partners reiterated a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Wall Street Zen raised shares of LiveOne from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, UBS Group set a $8.00 target price on shares of LiveOne in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, LiveOne currently has a consensus rating of “Hold” and a consensus target price of $11.00.

About LiveOne

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company specializing in live and on-demand music, podcasts and original content. The company provides streaming access to live concerts, festival performances and exclusive artist-driven programming through its digital platform and mobile applications. Its service offerings include ad-supported free tiers as well as premium subscription packages that deliver high-quality audio and video experiences for music fans worldwide.

The LiveOne platform aggregates a diverse range of content, including live concert streams, curated on-demand playlists, artist interviews and behind-the-scenes footage.