Maxim Group initiated coverage on shares of Livexlive Media (NASDAQ:LIVX) in a research note published on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $9.00 price target on the stock.

Several other research analysts have also issued reports on LIVX. Zacks Investment Research lowered shares of Livexlive Media from a hold rating to a sell rating in a research note on Wednesday, November 21st. HC Wainwright reissued a buy rating and set a $6.00 target price on shares of Livexlive Media in a research note on Thursday, December 13th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of $7.81.

Shares of NASDAQ LIVX opened at $6.18 on Monday. Livexlive Media has a 12-month low of $2.52 and a 12-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.

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, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.06. The business had revenue of $8.96 million for the quarter, compared to analyst estimates of $9.01 million. Livexlive Media had a negative net margin of 117.50% and a negative return on equity of 134.46%. On average, sell-side analysts forecast that Livexlive Media will post -0.68 earnings per share for the current fiscal year.

In other Livexlive Media news, COO Douglas D. Schaer acquired 8,334 shares of the stock in a transaction on Thursday, January 10th. The shares were purchased at an average price of $3.00 per share, for a total transaction of $25,002.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Leonard Zemetra acquired 16,667 shares of the stock in a transaction on Thursday, January 10th. The shares were acquired at an average price of $3.00 per share, for a total transaction of $50,001.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 52,595 shares of company stock worth $241,451. 37.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. raised its holdings in Livexlive Media by 33,972.6% during the fourth quarter. Citigroup Inc. now owns 448,736 shares of the company’s stock worth $2,221,000 after buying an additional 447,419 shares during the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of Livexlive Media in the fourth quarter valued at about $263,000. 1492 Capital Management LLC purchased a new stake in shares of Livexlive Media in the fourth quarter valued at about $210,000. Geode Capital Management LLC raised its holdings in shares of Livexlive Media by 56.7% in the fourth quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock valued at $1,174,000 after purchasing an additional 85,855 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Livexlive Media by 2.2% in the fourth quarter. FMR LLC now owns 4,110,233 shares of the company’s stock valued at $20,346,000 after purchasing an additional 90,233 shares during the last quarter. Hedge funds and other institutional investors own 21.42% of the company’s stock.

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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