LiveOne (NASDAQ:LVO) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

LiveOne, Inc. (NASDAQ:LVO) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $3.08 and traded as high as $3.30. LiveOne shares last traded at $3.16, with a volume of 246,279 shares trading hands.

Analyst Upgrades and Downgrades

LVO has been the subject of several research reports. Wall Street Zen upgraded LiveOne from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. UBS Group set a $8.00 price target on LiveOne in a report on Wednesday, August 12th. Alliance Global Partners reissued a “buy” rating on shares of LiveOne in a research report on Tuesday, July 7th. Finally, Weiss Ratings lowered LiveOne from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.00.

LiveOne Price Performance

The stock’s fifty day simple moving average is $3.08 and its two-hundred day simple moving average is $4.65. The company has a market capitalization of $43.33 million, a price-to-earnings ratio of -1.81 and a beta of 1.67.

LiveOne (NASDAQ:LVO) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.03. The business had revenue of $19.35 million during the quarter, compared to analyst estimates of $21.23 million. On average, sell-side analysts predict that LiveOne, Inc. will post -1.21 EPS for the current year.

Hedge Funds Weigh In On LiveOne

A hedge fund recently bought a new position in LiveOne stock. Integrated Wealth Concepts LLC bought a new stake in LiveOne, Inc. (NASDAQ:LVO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,262 shares of the company’s stock, valued at approximately $53,000. Integrated Wealth Concepts LLC owned 0.06% of LiveOne as of its most recent SEC filing. 21.25% of the stock is owned by institutional investors and hedge funds.

About LiveOne

LiveOne, Inc (NASDAQ: LVO) is a digital media and entertainment company that develops and distributes music, podcasting, and live-event content. Its offerings are designed to provide consumers with access to streaming audio, original programming, digital radio, and interactive entertainment experiences across connected devices.

The company operates the LiveOne platform, which features music and live entertainment programming, including livestreamed concerts, festivals, and other artist-focused events.