LiveOne, Inc. (NASDAQ:LVO - Get Free Report) was down 6.1% on Tuesday . The company traded as low as $0.62 and last traded at $0.62. Approximately 315,936 shares changed hands during trading, a decline of 35% from the average daily volume of 485,089 shares. The stock had previously closed at $0.66.
LiveOne Stock Performance
The firm has a market cap of $61.50 million, a PE ratio of -4.92 and a beta of 2.12. The stock has a 50 day simple moving average of $0.75 and a two-hundred day simple moving average of $0.91.
LiveOne (NASDAQ:LVO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $29.45 million during the quarter, compared to analysts' expectations of $32.69 million. Equities research analysts forecast that LiveOne, Inc. will post -0.1 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of LVO. Two Sigma Securities LLC acquired a new position in LiveOne in the 4th quarter worth about $26,000. Price T Rowe Associates Inc. MD raised its stake in shares of LiveOne by 63.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,954 shares of the company's stock worth $53,000 after buying an additional 13,900 shares during the period. Wells Fargo & Company MN lifted its position in shares of LiveOne by 55.5% during the 4th quarter. Wells Fargo & Company MN now owns 38,201 shares of the company's stock valued at $56,000 after buying an additional 13,629 shares in the last quarter. Mariner LLC acquired a new stake in LiveOne in the 4th quarter valued at $62,000. Finally, Virtu Financial LLC acquired a new position in LiveOne during the third quarter worth $67,000. Institutional investors and hedge funds own 21.25% of the company's stock.
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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