Livexlive Media (NASDAQ:LIVX) Announces Quarterly Earnings Results

Livexlive Media (NASDAQ:LIVX) announced its quarterly earnings results on Thursday. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01), Fidelity Earnings reports. Livexlive Media had a negative net margin of 105.60% and a negative return on equity of 297.90%. The firm had revenue of $9.58 million during the quarter, compared to the consensus estimate of $10.70 million.

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Shares of Livexlive Media stock traded up $0.13 on Friday, hitting $1.42. 146,300 shares of the company traded hands, compared to its average volume of 88,943. The firm’s 50-day simple moving average is $1.75 and its 200 day simple moving average is $2.95. The company has a market cap of $92.16 million, a P/E ratio of -1.97 and a beta of 1.44. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 8.14. Livexlive Media has a 12-month low of $1.29 and a 12-month high of $7.23.

In related news, CEO Robert S. Ellin bought 13,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of $2.47 per share, with a total value of $32,110.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought a total of 74,599 shares of company stock worth $181,410 in the last ninety days. Insiders own 36.70% of the company’s stock.

Several research analysts have commented on the stock. LADENBURG THALM/SH SH raised shares of Livexlive Media from a “neutral” rating to a “buy” rating and raised their price target for the company from $2.00 to $3.25 in a report on Friday. Zacks Investment Research raised shares of Livexlive Media from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Roth Capital assumed coverage on shares of Livexlive Media in a report on Wednesday, August 21st. They issued a “buy” rating and a $8.50 price target for the company. ValuEngine upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating in a research report on Tuesday, August 13th. Finally, Maxim Group restated a “buy” rating and set a $4.00 price objective on shares of Livexlive Media in a research report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $5.60.

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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Earnings History for Livexlive Media (NASDAQ:LIVX)

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