LiveOne (NASDAQ:LVO – Get Free Report) had its price target cut by analysts at Alliance Global Partners from $3.50 to $1.50 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Alliance Global Partners’ price target points to a potential upside of 111.42% from the company’s previous close.
LiveOne Trading Down 2.8 %
Shares of NASDAQ:LVO traded down $0.02 during midday trading on Wednesday, hitting $0.71. The stock had a trading volume of 1,281,827 shares, compared to its average volume of 386,331. The company has a market capitalization of $70.21 million, a PE ratio of -4.56 and a beta of 1.56. LiveOne has a 1 year low of $0.64 and a 1 year high of $2.15. The stock has a 50 day moving average price of $1.51 and a two-hundred day moving average price of $1.65.
LiveOne (NASDAQ:LVO – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $33.08 million for the quarter, compared to analysts’ expectations of $33.10 million. During the same period in the previous year, the company posted ($0.01) EPS. As a group, equities analysts expect that LiveOne will post -0.01 EPS for the current year.
Institutional Inflows and Outflows
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.
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