LiveOne, Inc. $LVO is Fleming James B JR’s Largest Position

Fleming James B JR lowered its holdings in LiveOne, Inc. (NASDAQ:LVO) by 90.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,636 shares of the company’s stock after selling 1,652,746 shares during the period. LiveOne makes up 83.8% of Fleming James B JR’s investment portfolio, making the stock its largest position. Fleming James B JR owned about 1.59% of LiveOne worth $758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised 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 valued at $88,000 after purchasing an additional 15,574 shares in the last quarter. Nuveen LLC purchased a new stake in shares of LiveOne during the 1st quarter valued at $63,000. Pingora Partners LLC lifted its holdings in shares of LiveOne by 175.5% during the 1st quarter. Pingora Partners LLC now owns 176,425 shares of the company’s stock worth $123,000 after acquiring an additional 112,385 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of LiveOne by 2,891.7% during the 1st quarter. Acadian Asset Management LLC now owns 147,490 shares of the company’s stock worth $101,000 after acquiring an additional 142,560 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in LiveOne in the second quarter worth $27,000. Hedge funds and other institutional investors own 21.25% of the company’s stock.

LiveOne Stock Down 4.3%

NASDAQ LVO opened at $4.22 on Tuesday. The company has a 50-day simple moving average of $4.85 and a two-hundred day simple moving average of $5.69. LiveOne, Inc. has a 12-month low of $3.92 and a 12-month high of $16.00. The firm has a market cap of $49.08 million, a price-to-earnings ratio of -1.82 and a beta of 1.67.

LiveOne (NASDAQ:LVO) last released its earnings results on Wednesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.07). The firm had revenue of $18.76 million during the quarter, compared to the consensus estimate of $19.68 million. Equities analysts expect that LiveOne, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LVO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LiveOne in a research note on Wednesday, October 8th. Roth Capital decreased their price objective on LiveOne from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, September 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.00.

LiveOne Profile

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.