Fleming James B JR Purchases Shares of 1,836,382 LiveOne, Inc. (NASDAQ:LVO)

Fleming James B JR bought a new position in LiveOne, Inc. (NASDAQ:LVO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,836,382 shares of the company's stock, valued at approximately $2,699,000. LiveOne comprises approximately 3.2% of Fleming James B JR's holdings, making the stock its 2nd largest holding. Fleming James B JR owned approximately 1.92% of LiveOne as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of LiveOne by 9.7% during the third quarter. Geode Capital Management LLC now owns 1,854,372 shares of the company's stock valued at $1,760,000 after buying an additional 164,361 shares during the last quarter. State Street Corp lifted its stake in LiveOne by 2.9% during the 3rd quarter. State Street Corp now owns 797,573 shares of the company's stock valued at $757,000 after acquiring an additional 22,848 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of LiveOne by 10.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 221,077 shares of the company's stock valued at $210,000 after acquiring an additional 21,057 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of LiveOne by 6.8% in the fourth quarter. Bank of New York Mellon Corp now owns 163,787 shares of the company's stock worth $241,000 after acquiring an additional 10,425 shares during the period. Finally, Barclays PLC raised its holdings in shares of LiveOne by 359.3% during the third quarter. Barclays PLC now owns 106,408 shares of the company's stock valued at $101,000 after purchasing an additional 83,242 shares during the last quarter. Institutional investors own 21.25% of the company's stock.

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LiveOne Price Performance

LiveOne stock traded down $0.04 during midday trading on Friday, reaching $0.73. 149,008 shares of the company traded hands, compared to its average volume of 483,200. LiveOne, Inc. has a 12 month low of $0.56 and a 12 month high of $2.00. The business has a 50 day moving average of $0.94 and a two-hundred day moving average of $0.98. The firm has a market capitalization of $70.15 million, a price-to-earnings ratio of -5.62 and a beta of 1.66.

LiveOne (NASDAQ:LVO - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $29.45 million for the quarter, compared to the consensus estimate of $32.69 million. As a group, equities analysts forecast that LiveOne, Inc. will post -0.1 EPS for the current year.

LiveOne Profile

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.