Shares of Livexlive Media Inc (NASDAQ:LIVX) have received a consensus rating of “Buy” from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $7.81.

Several brokerages have recently issued reports on LIVX. Maxim Group began coverage on shares of Livexlive Media in a report on Monday, March 18th. They issued a “buy” rating and a $9.00 target price for the company. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Livexlive Media in a report on Thursday, January 24th. Zacks Investment Research upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Saturday, February 16th. Finally, ValuEngine cut shares of Livexlive Media from a “buy” rating to a “hold” rating in a report on Thursday.

Shares of Livexlive Media stock traded down $0.29 during trading hours on Thursday, hitting $4.74. The company had a trading volume of 32,461 shares, compared to its average volume of 78,784. Livexlive Media has a twelve month low of $2.52 and a twelve month high of $11.11. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.55. The stock has a market cap of $260.47 million, a price-to-earnings ratio of -9.88 and a beta of 1.18.

Livexlive Media (NASDAQ:LIVX) last issued its earnings results on Tuesday, February 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.06. Livexlive Media had a negative net margin of 117.50% and a negative return on equity of 134.46%. The business had revenue of $8.96 million during the quarter, compared to analysts’ expectations of $9.01 million. On average, analysts forecast that Livexlive Media will post -0.68 earnings per share for the current fiscal year.

In other Livexlive Media news, CEO Robert S. Ellin purchased 4,800 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was purchased at an average price of $5.84 per share, for a total transaction of $28,032.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert S. Ellin purchased 4,677 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were acquired at an average price of $6.53 per share, with a total value of $30,540.81. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 27,594 shares of company stock valued at $166,448. 37.00% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of LIVX. Rhumbline Advisers acquired a new stake in Livexlive Media during the 4th quarter worth $164,000. BlackRock Inc. boosted its stake in Livexlive Media by 277.5% during the 4th quarter. BlackRock Inc. now owns 1,363,258 shares of the company’s stock worth $6,748,000 after purchasing an additional 1,002,111 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 worth $390,000 after purchasing an additional 53,276 shares during the period. Citigroup Inc. boosted its stake in Livexlive Media by 33,972.6% during the 4th quarter. Citigroup Inc. now owns 448,736 shares of the company’s stock worth $2,221,000 after purchasing an additional 447,419 shares during the period. Finally, Tibra Equities Europe Ltd acquired a new stake in Livexlive Media during the 4th quarter worth $263,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

Livexlive Media Company Profile

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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