Maxim Group Analysts Give Livexlive Media (NASDAQ:LIVX) a $8.00 Price Target

Maxim Group set a $8.00 price target on Livexlive Media (NASDAQ:LIVX) in a research note released on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. ValuEngine downgraded Livexlive Media from a buy rating to a hold rating in a research report on Tuesday, April 23rd. HC Wainwright restated a buy rating and set a $6.00 price objective on shares of Livexlive Media in a report on Friday, June 14th. Finally, Zacks Investment Research cut Livexlive Media from a hold rating to a sell rating in a report on Saturday, June 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $6.56.

Livexlive Media stock traded down $0.01 during mid-day trading on Wednesday, hitting $2.94. 150,729 shares of the company were exchanged, compared to its average volume of 116,847. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a 50 day moving average price of $3.11. Livexlive Media has a 12-month low of $2.12 and a 12-month high of $7.23.

Livexlive Media (NASDAQ:LIVX) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The company had revenue of $9.50 million for the quarter, compared to analysts’ expectations of $10.00 million. Livexlive Media had a negative return on equity of 231.67% and a negative net margin of 105.60%. On average, analysts forecast that Livexlive Media will post -0.52 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in Livexlive Media by 9.3% in the fourth quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock valued at $190,000 after acquiring an additional 3,288 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Livexlive Media by 8.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock valued at $295,000 after acquiring an additional 5,394 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Livexlive Media by 8,784.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,552 shares of the company’s stock valued at $41,000 after acquiring an additional 7,467 shares during the last quarter. Spark Investment Management LLC acquired a new position in Livexlive Media in the first quarter valued at $63,000. Finally, Northern Trust Corp boosted its holdings in Livexlive Media by 25.5% in the fourth quarter. Northern Trust Corp now owns 86,138 shares of the company’s stock valued at $426,000 after acquiring an additional 17,511 shares during the last quarter. Hedge funds and other institutional investors own 21.62% of the company’s stock.

Livexlive Media Company Profile

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

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