Belive (NASDAQ:BLIV) Trading Up 4.5% – Here’s Why

Belive Holdings (NASDAQ:BLIV)’s stock price rose 4.5% on Friday . The stock traded as high as $2.30 and last traded at $2.30. Approximately 4,034 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 5,607 shares. The stock had previously closed at $2.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Belive in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Belive currently has a consensus rating of “Sell”.

Belive Stock Up 4.5%

The firm’s fifty day moving average is $2.28 and its 200-day moving average is $2.70.

Belive (NASDAQ:BLIV) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.18 earnings per share for the quarter. The business had revenue of ($137.43) million for the quarter.

Hedge Funds Weigh In On Belive

An institutional investor recently bought a new stake in Belive stock. Marex Group plc purchased a new stake in Belive Holdings (NASDAQ:BLIV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,060 shares of the company’s stock, valued at approximately $48,000.

About Belive

BeLive Holdings engages in the development of software and programming activities and provides consultancy services. The company offers technology solutions for live commerce and shoppable short videos. It offers services through BeLive White Label solution and a cloud-based BeLive software-as-a-service (SaaS) solution. The company was founded on June 18, 2014 and is headquartered in Singapore.