LiveXLive Media Inc. (LIVX) Volatility Spurs A Quest For Clarity

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Trinad Management LLC recently announced the acquisition of new stake in LiveXLive Media Inc. (NASDAQ:LIVX). The institutional investor has increased its shareholding in the Communication Services company by 0.17% to 17.31 million shares with purchase of 29075.0 shares. This fresh investment now brings its stake to 29.16% valued currently at $62.65 million. In addition, No Street GP LP raised its holdings by 0.68 million to 3.17 million shares. And BlackRock Fund Advisors has lifted its position by 1.33% or 18627.0 shares – to 1.42 million shares.

With over 1.42 million LiveXLive Media Inc. (LIVX) shares trading Wednesday and a closing price of $3.91 on the day, the dollar volume was approximately $5.56 million. The shares have shown a positive weekly performance of 6.24% and its price on 07/22/20 lost nearly -2.25%. Currently, there are 58.65M common shares owned by the public and among those 31.10M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for LIVX have a consensus price objective of $5.78. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $4.50 should the stock experience a downside. Incidentally, analysts’ outlook for the LiveXLive Media Inc. stock is 1.90 for the next 12 months. The average price target is 31.28% above its last price level and an upside to the estimated low will see the stock gain 13.11% over that period. But an upside of 44.14% will see the stock hit the forecast high price target while mean target price for the stock is $5.88.

Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 1,312,288 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 1,213,209 shares.

The top 3 mutual fund holders in LiveXLive Media Inc. are Fidelity Puritan Fund, iShares Russell 2000 ETF, and Vanguard Total Stock Market Index. Fidelity Puritan Fund owns 6.57 million shares of the company’s stock, all valued at over $23.8 million. The company sold 4857.0 shares recently to bring their total holdings to about 11.07% of the shares outstanding. iShares Russell 2000 ETF sold 17028.0 shares to see its total holdings shrink to 0.67 million shares valued at over $2.43 million and representing 1.13% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 0.99% of the shares outstanding.

Shares of LiveXLive Media Inc. (NASDAQ: LIVX) opened at $4.24, up $0.24 from a prior closing price of $4.00. However, the script later closed the day at $3.91, down -2.25%. The company’s stock has a 5-day price change of 6.24% and 81.82% over the past three months. LIVX shares are trading 158.90% year to date (YTD), with the 12-month market performance up to 68.07% higher. It has a 12-month low price of $0.72 and touched a high of $4.89 over the same period. Currently, 1.42 million shares have been traded, compared to an average intraday trading volume of 993.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.37%, 11.57%, and 82.27% respectively.

Institutional ownership of LiveXLive Media Inc. (NASDAQ: LIVX) shares accounts for 37.30% of the company’s 58.65M shares outstanding. Mutual fund holders own 41.23%, while other institutional holders and individual stakeholders account for 43.34% and 16.67% respectively.

It has a market capitalization of $224.20M. The earnings-per-share (ttm) stands at -$0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.56% over the week and 10.75% over the month.

Analysts forecast that LiveXLive Media Inc. (LIVX) will achieve an EPS of -$0.11 for the current quarter, -$0.13 for the next quarter and -$0.35 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.14 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$0.21 a year ago. Earnings per share for the fiscal year are expected to increase by 4.80%, and 23.90% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate LiveXLive Media Inc. (LIVX) as a “Strong Buy” at a consensus score of 1.90. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 0 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the LIVX, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on December 20, 2019, with the firm’s price target at $6.50. Ladenburg Thalmann coverage for the LiveXLive Media Inc. (LIVX) stock in a research note released on November 08, 2019 offered a Buy rating with a price target of $3.25. Ladenburg Thalmann was of a view on September 09, 2019 that the stock is Neutral, while ROTH Capital gave the stock Buy rating on August 21, 2019, issuing a price target of $8.50. Maxim Group on their part issued Buy rating on March 19, 2019.

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