Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Live Nation Entertainment (LYV) Stock Price

News headlines about Live Nation Entertainment (NYSE:LYV) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Live Nation Entertainment earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6353744231714 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Accern’s rankings:

Live Nation Entertainment (NYSE:LYV) traded up $0.67 during mid-day trading on Tuesday, hitting $43.72. The stock had a trading volume of 960,829 shares, compared to its average volume of 1,075,117. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $9,040.00, a price-to-earnings ratio of 2,153.58 and a beta of 1.06. Live Nation Entertainment has a 1-year low of $27.00 and a 1-year high of $46.99.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. Live Nation Entertainment’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. equities research analysts forecast that Live Nation Entertainment will post 0.14 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research cut Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Citigroup cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Friday, December 22nd. Jefferies Group increased their target price on Live Nation Entertainment from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, November 3rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Live Nation Entertainment in a report on Wednesday, October 18th. Finally, Macquarie restated a “buy” rating and issued a $48.00 price target on shares of Live Nation Entertainment in a research report on Sunday, November 5th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Live Nation Entertainment currently has a consensus rating of “Buy” and an average target price of $44.00.

In related news, CEO Michael Rapino sold 70,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $45.46, for a total value of $3,182,200.00. Following the completion of the transaction, the chief executive officer now directly owns 395,277 shares in the company, valued at $17,969,292.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Rowles sold 46,511 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $43.35, for a total value of $2,016,251.85. Following the completion of the transaction, the executive vice president now owns 192,054 shares of the company’s stock, valued at $8,325,540.90. The disclosure for this sale can be found here. Insiders sold 1,106,511 shares of company stock valued at $49,467,752 over the last 90 days. Company insiders own 4.77% of the company’s stock.

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Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Insider Buying and Selling by Quarter for Live Nation Entertainment (NYSE:LYV)

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