$12.00 Million in Sales Expected for Livexlive Media Inc (NASDAQ:LIVX) This Quarter

Brokerages expect Livexlive Media Inc (NASDAQ:LIVX) to announce $12.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Livexlive Media’s earnings. Livexlive Media reported sales of $7.97 million in the same quarter last year, which indicates a positive year over year growth rate of 50.6%. The business is scheduled to issue its next earnings results on Wednesday, November 13th.

On average, analysts expect that Livexlive Media will report full-year sales of $51.00 million for the current fiscal year, with estimates ranging from $50.00 million to $52.00 million. For the next year, analysts expect that the business will post sales of $0.00. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Livexlive Media.

Livexlive Media (NASDAQ:LIVX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The business had revenue of $9.50 million for the quarter, compared to analyst estimates of $10.00 million. Livexlive Media had a negative return on equity of 185.99% and a negative net margin of 110.99%.

Several equities analysts have recently commented on the company. ValuEngine downgraded Livexlive Media from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Zacks Investment Research downgraded Livexlive Media from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Livexlive Media in a research report on Friday, June 14th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of Livexlive Media in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.56.

NASDAQ LIVX traded down $0.11 during trading on Friday, reaching $2.68. 84,938 shares of the company’s stock were exchanged, compared to its average volume of 76,059. The firm’s 50 day simple moving average is $3.15. The firm has a market capitalization of $143.86 million, a PE ratio of -3.72 and a beta of 1.37. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.59. Livexlive Media has a fifty-two week low of $2.12 and a fifty-two week high of $7.23.

Several hedge funds have recently modified their holdings of LIVX. BlackRock Inc. boosted its stake in shares of Livexlive Media by 277.5% in the fourth quarter. BlackRock Inc. now owns 1,363,258 shares of the company’s stock valued at $6,748,000 after buying an additional 1,002,111 shares during the period. 1492 Capital Management LLC boosted its stake in shares of Livexlive Media by 643.4% in the second quarter. 1492 Capital Management LLC now owns 315,497 shares of the company’s stock valued at $1,309,000 after buying an additional 273,055 shares during the period. Geode Capital Management LLC boosted its stake in shares of Livexlive Media by 56.7% in the fourth quarter. Geode Capital Management LLC now owns 237,334 shares of the company’s stock valued at $1,174,000 after buying an additional 85,855 shares during the period. Guild Investment Management Inc. bought a new stake in shares of Livexlive Media in the first quarter valued at approximately $440,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Livexlive Media by 210.4% in the fourth quarter. Bank of New York Mellon Corp now owns 78,594 shares of the company’s stock valued at $390,000 after buying an additional 53,276 shares during the period. Institutional investors and hedge funds own 21.62% 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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Earnings History and Estimates for Livexlive Media (NASDAQ:LIVX)

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