Livexlive Media Inc (LIVX) Given $7.25 Average Target Price by Analysts

Shares of Livexlive Media Inc (NASDAQ:LIVX) have been given an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus target price of $7.25 for the company and are predicting that the company will post ($0.19) earnings per share for the current quarter, according to Zacks. Zacks has also given Livexlive Media an industry rank of 74 out of 256 based on the ratings given to its competitors.

LIVX has been the subject of a number of research analyst reports. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Livexlive Media in a report on Thursday, December 13th. Zacks Investment Research raised Livexlive Media from a “sell” rating to a “hold” rating in a report on Thursday, December 20th.

Shares of Livexlive Media stock traded up $0.17 on Tuesday, reaching $6.21. The company’s stock had a trading volume of 21,242 shares, compared to its average volume of 95,475. The firm has a market cap of $324.43 million, a price-to-earnings ratio of -12.94 and a beta of 1.05. Livexlive Media has a 52 week low of $2.52 and a 52 week high of $11.11. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35.

Livexlive Media (NASDAQ:LIVX) last posted its earnings results on Wednesday, November 14th. The company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.05. The business had revenue of $7.97 million during the quarter, compared to the consensus estimate of $8.20 million. On average, equities research analysts forecast that Livexlive Media will post -0.76 EPS for the current fiscal year.

In other news, CEO Robert S. Ellin purchased 16,201 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were purchased at an average cost of $3.97 per share, for a total transaction of $64,317.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 36,303 shares of company stock worth $157,843. Company insiders own 37.00% of the company’s stock.

Livexlive Media Company Profile

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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