Roth Capital Begins Coverage on Livexlive Media (NASDAQ:LIVX)

Roth Capital assumed coverage on shares of Livexlive Media (NASDAQ:LIVX) in a research report report published on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $8.50 target price on the stock.

A number of other research analysts have also weighed in on LIVX. Zacks Investment Research lowered shares of Livexlive Media from a hold rating to a sell rating in a research note on Saturday, June 15th. ValuEngine raised shares of Livexlive Media from a hold rating to a buy rating in a research note on Tuesday, August 13th. HC Wainwright reaffirmed a buy rating and issued a $6.00 price target on shares of Livexlive Media in a research note on Friday, June 14th. Finally, Maxim Group set a $8.00 price target on shares of Livexlive Media and gave the company a buy rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $7.19.

NASDAQ:LIVX opened at $2.36 on Wednesday. Livexlive Media has a 52 week low of $2.12 and a 52 week high of $7.23. The company has a debt-to-equity ratio of 8.14, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day moving average price is $2.73 and its 200-day moving average price is $4.35.

Livexlive Media (NASDAQ:LIVX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). The company had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $10.00 million. Livexlive Media had a negative net margin of 105.60% and a negative return on equity of 297.90%. As a group, equities research analysts anticipate that Livexlive Media will post -0.61 EPS for the current fiscal year.

In other Livexlive Media news, CEO Robert S. Ellin bought 13,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $2.47 per share, with a total value of $32,110.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 38,333 shares of company stock worth $102,523 over the last three months. Corporate insiders own 36.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its stake in Livexlive Media by 9.3% in the 4th quarter. Deutsche Bank AG now owns 38,553 shares of the company’s stock worth $190,000 after purchasing an additional 3,288 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Livexlive Media by 8.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 71,026 shares of the company’s stock worth $295,000 after purchasing an additional 5,394 shares in the last quarter. Northern Trust Corp lifted its stake in Livexlive Media by 2.3% in the 2nd quarter. Northern Trust Corp now owns 302,615 shares of the company’s stock worth $1,256,000 after purchasing an additional 6,841 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Livexlive Media by 8,784.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,552 shares of the company’s stock worth $41,000 after purchasing an additional 7,467 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Livexlive Media in the 2nd quarter worth approximately $44,000. 20.28% of the stock is currently owned by institutional investors and hedge funds.

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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