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

Several other research firms also recently commented on LIVX. Zacks Investment Research downgraded Livexlive Media from a hold rating to a sell rating in a research report on Saturday, June 15th. ValuEngine upgraded Livexlive Media from a hold rating to a buy rating in a research report on Tuesday, August 13th. Maxim Group set a $8.00 target price on Livexlive Media and gave the company a buy rating in a research report on Wednesday, August 7th. Finally, HC Wainwright reiterated a buy rating and issued a $6.00 target price on shares of Livexlive Media in a research report on Friday, June 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $7.19.

Livexlive Media stock opened at $2.36 on Wednesday. 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 $2.12 and a 12 month high of $7.23. The stock has a 50-day moving average price of $2.73 and a two-hundred day moving average price of $4.35.

Livexlive Media (NASDAQ:LIVX) last posted its earnings results on Tuesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The firm had revenue of $9.50 million during the quarter, compared to the consensus estimate 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 analysts predict that Livexlive Media will post -0.61 earnings per share for the current fiscal year.

In other news, CEO Robert S. Ellin bought 13,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $32,110.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 38,333 shares of company stock valued at $102,523 over the last quarter. Corporate insiders own 36.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LIVX. Susquehanna International Group LLP purchased a new position in Livexlive Media in the second quarter worth $44,000. Vanguard Group Inc. grew its holdings in Livexlive Media by 26.5% in the second quarter. Vanguard Group Inc. now owns 698,294 shares of the company’s stock worth $2,898,000 after purchasing an additional 146,419 shares during the last quarter. BlackRock Inc. grew its holdings in Livexlive Media by 3.6% in the second quarter. BlackRock Inc. now owns 1,488,503 shares of the company’s stock worth $6,178,000 after purchasing an additional 51,131 shares during the last quarter. Northern Trust Corp grew its holdings in Livexlive Media by 2.3% in the second 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 worth $295,000 after purchasing an additional 5,394 shares during the last quarter. Institutional investors own 20.28% 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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