Litchfield Hills Research Research Analysts Raise Earnings Estimates for LiveOne, Inc. (NASDAQ:LVO)

LiveOne, Inc. (NASDAQ:LVO) – Stock analysts at Litchfield Hills Research upped their FY2024 earnings estimates for shares of LiveOne in a note issued to investors on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now anticipates that the company will post earnings of ($0.09) per share for the year, up from their prior forecast of ($0.10). Litchfield Hills Research currently has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for LiveOne’s current full-year earnings is ($0.07) per share.

LiveOne Trading Up 8.0 %

NASDAQ LVO opened at $1.88 on Thursday. The company’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $1.40. LiveOne has a 12 month low of $0.84 and a 12 month high of $2.19.

LiveOne (NASDAQ:LVO) last released its earnings results on Thursday, February 8th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $31.25 million during the quarter, compared to the consensus estimate of $31.53 million.

Institutional Trading of LiveOne

A number of hedge funds and other institutional investors have recently made changes to their positions in LVO. FMR LLC raised its holdings in shares of LiveOne by 1.6% during the third quarter. FMR LLC now owns 7,042,283 shares of the company’s stock valued at $6,734,000 after acquiring an additional 109,383 shares during the period. Citigroup Inc. acquired a new stake in shares of LiveOne during the third quarter valued at approximately $121,000. Exchange Traded Concepts LLC raised its holdings in shares of LiveOne by 83.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 121,198 shares of the company’s stock valued at $168,000 after acquiring an additional 55,092 shares during the period. Acadian Asset Management LLC raised its holdings in shares of LiveOne by 127.6% during the third quarter. Acadian Asset Management LLC now owns 94,239 shares of the company’s stock valued at $89,000 after acquiring an additional 52,830 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in shares of LiveOne during the third quarter valued at approximately $72,000. 21.25% of the stock is currently owned by 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.