LiveOne (NASDAQ:LVO - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03), Zacks reports. The company had revenue of $29.45 million during the quarter, compared to the consensus estimate of $32.69 million. LiveOne updated its FY 2025 guidance to EPS.
LiveOne Stock Performance
Shares of LVO traded down $0.04 during mid-day trading on Monday, reaching $0.93. 496,752 shares of the company's stock traded hands, compared to its average volume of 688,004. The business's 50-day moving average price is $1.19 and its 200-day moving average price is $1.15. The stock has a market capitalization of $88.51 million, a P/E ratio of -9.25 and a beta of 1.57. LiveOne has a 12 month low of $0.56 and a 12 month high of $2.15.
Hedge Funds Weigh In On LiveOne
An institutional investor recently raised its position in LiveOne stock. Bank of America Corp DE grew its position in LiveOne, Inc. (NASDAQ:LVO - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,595 shares of the company's stock after buying an additional 15,574 shares during the quarter. Bank of America Corp DE owned approximately 0.06% of LiveOne worth $88,000 at the end of the most recent quarter. 21.25% of the stock is owned by hedge funds and other institutional investors.
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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