Roth Mkm Reiterates “Buy” Rating for Live Nation Entertainment (NYSE:LYV)

Roth Mkm reiterated their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $120.00 price objective on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley upped their target price on Live Nation Entertainment from $110.00 to $120.00 and gave the company an overweight rating in a research note on Friday, February 23rd. Rosenblatt Securities dropped their price objective on Live Nation Entertainment from $124.00 to $119.00 and set a buy rating for the company in a research note on Thursday, April 11th. Oppenheimer increased their price objective on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an outperform rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. increased their price objective on Live Nation Entertainment from $124.00 to $126.00 and gave the stock an overweight rating in a research note on Friday, February 23rd. Finally, TD Cowen reiterated a buy rating and set a $108.00 price objective on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $116.30.

Live Nation Entertainment Stock Performance

Shares of NYSE LYV opened at $88.49 on Tuesday. The business has a fifty day simple moving average of $98.94 and a 200 day simple moving average of $91.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 66.53 and a beta of 1.30. Live Nation Entertainment has a one year low of $64.96 and a one year high of $107.24.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, February 22nd. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. Sell-side analysts expect that Live Nation Entertainment will post 1.62 EPS for the current year.

Insider Transactions at Live Nation Entertainment

In other news, Director Jeffrey T. Hinson sold 1,001 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $100.50, for a total transaction of $100,600.50. Following the sale, the director now owns 59,374 shares in the company, valued at $5,967,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.85% of the company’s stock.

Institutional Trading of Live Nation Entertainment

Large investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV boosted its holdings in Live Nation Entertainment by 148.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares during the last quarter. Rise Advisors LLC boosted its holdings in Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock valued at $35,000 after acquiring an additional 159 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Live Nation Entertainment by 44.1% in the first quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after acquiring an additional 119 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in Live Nation Entertainment in the third quarter valued at about $33,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Live Nation Entertainment by 9,800.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock valued at $41,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 74.52% of the company’s stock.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.