Wall Street Zen Upgrades LiveWire Group (NYSE:LVWR) to “Hold”

LiveWire Group (NYSE:LVWR) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

LiveWire Group Price Performance

Shares of NYSE:LVWR opened at $1.76 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.60 and a current ratio of 4.29. LiveWire Group has a 52 week low of $0.65 and a 52 week high of $6.44. The firm has a market cap of $360.66 million, a PE ratio of -4.77 and a beta of 1.64. The firm’s fifty day moving average is $1.20 and its 200-day moving average is $1.67.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $9.12 million during the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 161.65%.

Insider Buying and Selling

In other news, insider Jeremiah Nienhuis sold 10,732 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $2.38, for a total transaction of $25,542.16. Following the completion of the sale, the insider directly owned 110,608 shares in the company, valued at $263,247.04. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Karim Donnez sold 230,557 shares of LiveWire Group stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $2.33, for a total transaction of $537,197.81. Following the transaction, the chief executive officer directly owned 1,344,076 shares of the company’s stock, valued at $3,131,697.08. This represents a 14.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LiveWire Group

Several large investors have recently added to or reduced their stakes in LVWR. Russell Investments Group Ltd. increased its holdings in LiveWire Group by 82.0% in the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after purchasing an additional 3,042 shares in the last quarter. Rhumbline Advisers lifted its stake in LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after buying an additional 3,167 shares during the period. Barclays PLC boosted its holdings in shares of LiveWire Group by 9.0% during the 4th quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after buying an additional 4,750 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of LiveWire Group by 117.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after buying an additional 5,060 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of LiveWire Group by 119.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after buying an additional 5,812 shares during the period. Institutional investors and hedge funds own 0.88% of the company’s stock.

About LiveWire Group

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.