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

LiveOne, Inc. (NASDAQ:LVOFree Report) – Stock analysts at Litchfield Hills Research increased their FY2024 earnings per share (EPS) estimates for LiveOne in a note issued to investors on Tuesday, April 23rd. Litchfield Hills Research analyst B. Sine now forecasts 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 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 (NASDAQ:LVOGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $31.25 million for the quarter, compared to analyst estimates of $31.53 million.

LiveOne Price Performance

Shares of NASDAQ LVO opened at $1.88 on Thursday. LiveOne has a 12 month low of $0.84 and a 12 month high of $2.19. The stock has a 50-day moving average price of $1.79 and a two-hundred day moving average price of $1.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LVO. Exchange Traded Concepts LLC acquired a new position in LiveOne during the third quarter worth about $63,000. Barclays PLC acquired a new position in LiveOne during the third quarter worth about $70,000. Alpine Global Management LLC bought a new stake in shares of LiveOne during the third quarter worth about $72,000. Acadian Asset Management LLC grew 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 worth $89,000 after purchasing an additional 52,830 shares during the last quarter. Finally, Citigroup Inc. bought a new stake in shares of LiveOne during the third quarter worth about $121,000. Institutional investors and hedge funds own 21.25% of the company’s stock.

LiveOne Company Profile

(Get Free Report)

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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