LiveOne (NASDAQ:LVO) Stock Price Down 10.9% – What’s Next?

LiveOne, Inc. (NASDAQ:LVO) shares traded down 10.9% on Tuesday . The company traded as low as $0.70 and last traded at $0.70. 317,623 shares changed hands during trading, a decline of 34% from the average session volume of 483,620 shares. The stock had previously closed at $0.78.

LiveOne Stock Performance

The company has a market cap of $66.79 million, a P/E ratio of -5.35 and a beta of 1.66. The firm’s fifty day moving average is $1.00 and its two-hundred day moving average is $1.01.

LiveOne (NASDAQ:LVO) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $29.45 million during the quarter, compared to analysts’ expectations of $32.69 million. On average, equities research analysts expect that LiveOne, Inc. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On LiveOne

A number of institutional investors have recently added to or reduced their stakes in LVO. Bank of America Corp DE lifted its holdings in shares of LiveOne by 35.4% in the fourth quarter. Bank of America Corp DE now owns 59,595 shares of the company’s stock worth $88,000 after buying an additional 15,574 shares in the last quarter. Northern Trust Corp increased its holdings in LiveOne by 4.6% in the 4th quarter. Northern Trust Corp now owns 637,675 shares of the company’s stock valued at $937,000 after acquiring an additional 27,890 shares during the last quarter. Pingora Partners LLC purchased a new stake in LiveOne in the 4th quarter worth $94,000. Two Sigma Securities LLC bought a new position in shares of LiveOne during the 4th quarter valued at about $26,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of LiveOne by 63.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,954 shares of the company’s stock valued at $53,000 after purchasing an additional 13,900 shares during the last quarter. 21.25% of the stock is owned by hedge funds and other institutional investors.

About LiveOne

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.