Livexlive Media Inc (NASDAQ:LIVX) CEO Robert S. Ellin bought 8,997 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of $2.62 per share, with a total value of $23,572.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

LIVX stock traded down $0.03 during trading on Thursday, hitting $2.63. The stock had a trading volume of 55,286 shares, compared to its average volume of 79,360. The company’s 50 day moving average price is $2.76 and its two-hundred day moving average price is $4.37. Livexlive Media Inc has a 1-year low of $2.12 and a 1-year high of $7.23. The stock has a market cap of $144.00 million, a price-to-earnings ratio of -3.65 and a beta of 1.37. The company has a debt-to-equity ratio of 8.14, a quick ratio of 0.43 and a current ratio of 0.43.

Livexlive Media (NASDAQ:LIVX) last announced its earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Livexlive Media had a negative net margin of 105.60% and a negative return on equity of 297.90%. The firm had revenue of $9.50 million during the quarter, compared to analyst estimates of $10.00 million. As a group, sell-side analysts forecast that Livexlive Media Inc will post -0.57 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in LIVX. BlackRock Inc. increased its stake in shares of Livexlive Media by 277.5% during the 4th quarter. BlackRock Inc. now owns 1,363,258 shares of the company’s stock valued at $6,748,000 after acquiring an additional 1,002,111 shares during the last quarter. Northern Trust Corp increased its stake in shares of Livexlive Media by 25.5% during the 4th quarter. Northern Trust Corp now owns 86,138 shares of the company’s stock valued at $426,000 after acquiring an additional 17,511 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Livexlive Media by 210.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock valued at $390,000 after acquiring an additional 53,276 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Livexlive Media by 56.7% during the 4th quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock valued at $1,174,000 after acquiring an additional 85,855 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Livexlive Media by 9.3% during the 4th quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock valued at $190,000 after acquiring an additional 3,288 shares during the last quarter. 20.28% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on LIVX shares. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Livexlive Media in a research note on Friday, June 14th. Roth Capital started coverage on shares of Livexlive Media in a research note on Wednesday. They issued a “buy” rating and a $8.50 target price for the company. Zacks Investment Research raised shares of Livexlive Media from a “sell” rating to a “hold” rating in a research note on Thursday. Maxim Group set a $8.00 target price on shares of Livexlive Media and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine raised shares of Livexlive Media from a “hold” rating to a “buy” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $7.19.

About Livexlive Media

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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