LiveOne, Inc. (NASDAQ:LVO - Get Free Report)'s share price traded down 10.9% during mid-day trading on Tuesday . The company traded as low as $0.70 and last traded at $0.70. 317,623 shares were traded during trading, a decline of 34% from the average session volume of 483,620 shares. The stock had previously closed at $0.78.
LiveOne Stock Performance
The stock's 50-day simple moving average is $0.98 and its 200-day simple moving average is $1.00. The firm has a market capitalization of $81.29 million, a PE ratio of -6.51 and a beta of 1.66.
LiveOne (NASDAQ:LVO - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The company had revenue of $29.45 million for the quarter, compared to analysts' expectations of $32.69 million. As a group, analysts predict that LiveOne, Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in LVO. Two Sigma Securities LLC purchased a new position in LiveOne during the 4th quarter valued at $26,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of LiveOne in the 3rd quarter worth about $32,000. Price T Rowe Associates Inc. MD increased its stake in shares of LiveOne by 63.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,954 shares of the company's stock worth $53,000 after acquiring an additional 13,900 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of LiveOne by 55.5% in the 4th quarter. Wells Fargo & Company MN now owns 38,201 shares of the company's stock worth $56,000 after acquiring an additional 13,629 shares in the last quarter. Finally, Mariner LLC bought a new position in shares of LiveOne in the 4th quarter worth about $62,000. 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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