Zacks Investment Research lowered shares of Livexlive Media (OTCMKTS:LIVX) from a hold rating to a sell rating in a report issued on Wednesday morning.
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. “
Several other brokerages have also recently commented on LIVX. HC Wainwright started coverage on shares of Livexlive Media in a research report on Friday, October 19th. They set a buy rating and a $6.00 price target on the stock. JMP Securities boosted their price target on shares of Livexlive Media from $5.00 to $6.00 and gave the stock a market outperform rating in a research report on Friday, August 17th.
Livexlive Media (OTCMKTS:LIVX) last issued its quarterly earnings results on Wednesday, November 14th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.97 million for the quarter, compared to the consensus estimate of $8.20 million.
In other news, CEO Robert S. Ellin bought 16,201 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $3.97 per share, with a total value of $64,317.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay E. Krigsman bought 84,351 shares of the company’s stock in a transaction dated Tuesday, September 25th. The stock was purchased at an average cost of $5.06 per share, for a total transaction of $426,816.06. The disclosure for this purchase can be found here. Insiders have acquired a total of 133,516 shares of company stock worth $644,655 over the last three months.
Several hedge funds have recently modified their holdings of LIVX. Millennium Management LLC bought a new stake in shares of Livexlive Media in the 1st quarter valued at about $268,000. Bank of New York Mellon Corp bought a new stake in shares of Livexlive Media in the 2nd quarter valued at about $109,000. Balter Liquid Alternatives LLC bought a new stake in shares of Livexlive Media in the 2nd quarter valued at about $145,000. BlackRock Inc. bought a new stake in shares of Livexlive Media in the 2nd quarter valued at about $3,142,000. Finally, Northern Trust Corp bought a new stake in shares of Livexlive Media in the 2nd quarter valued at about $373,000.
Livexlive Media Company Profile
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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