Zacks Investment Research upgraded shares of Livexlive Media (OTCMKTS:LIVX) from a sell rating to a hold rating in a report issued on Friday, September 14th.
According to Zacks, “LiveXLive Media, Inc. is a wholly owned subsidiary of Loton, Corp which provide premium internet networks devoted to live music and music-related video content. The company provides an online destination for music fans to enjoy premium live performances from music venues and leading music festivals, such as Rock in Rio, Outside Lands Music and Arts Festival, Hangout Music Festival as well as premium original content, artist exclusives and industry interviews. LiveXLive Media Inc., formerly known as Loton Corp., is based in Beverly Hills, United States. “
Separately, JMP Securities raised their price objective on shares of Livexlive Media from $5.00 to $6.00 and gave the company a market outperform rating in a research note on Friday, August 17th.
Shares of Livexlive Media stock traded down $0.18 during trading on Friday, reaching $3.45. The company’s stock had a trading volume of 107,192 shares, compared to its average volume of 82,471. Livexlive Media has a 52-week low of $3.36 and a 52-week high of $11.11.
Livexlive Media (OTCMKTS:LIVX) last announced its quarterly earnings results on Tuesday, August 14th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.09). The business had revenue of $7.59 million for the quarter, compared to analyst estimates of $7.70 million.
In related news, CEO Robert S. Ellin acquired 14,550 shares of Livexlive Media stock in a transaction dated Thursday, August 23rd. The shares were purchased at an average price of $4.31 per share, for a total transaction of $62,710.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert S. Ellin acquired 6,700 shares of Livexlive Media stock in a transaction dated Friday, September 14th. The shares were bought at an average price of $4.90 per share, for a total transaction of $32,830.00. The disclosure for this purchase can be found here. Insiders have acquired 43,614 shares of company stock worth $200,202 in the last ninety days.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in Livexlive Media in the second quarter worth $109,000. Balter Liquid Alternatives LLC bought a new stake in Livexlive Media in the second quarter worth $145,000. Millennium Management LLC bought a new stake in Livexlive Media in the first quarter worth $268,000. Northern Trust Corp bought a new stake in Livexlive Media in the second quarter worth $373,000. Finally, BlackRock Inc. bought a new stake in Livexlive Media in the second quarter worth $3,142,000.
About Livexlive Media
LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.
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