Currently, there are 233.30M common shares owned by the public and among those 143.68M shares have been available to trade.
Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 144,049 shares. Insider sales of the common stock occurred on 8 occasions, with total insider shares sold totaling 140,086 shares.
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The company’s stock has a 5-day price change of 1.92% and 16.21% over the past three months. LYV shares are trading 3.79% year to date (YTD), with the 12-month market performance up to 34.91% higher. It has a 12-month low price of $64.25 and touched a high of $101.74 over the same period. LYV has an average intraday trading volume of 2.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.65%, 6.85%, and 11.49% respectively.
Institutional ownership of Live Nation Entertainment Inc (NYSE: LYV) shares accounts for 70.07% of the company’s 233.30M shares outstanding.
It has a market capitalization of $22.42B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 73.97, while the earnings-per-share (ttm) stands at $1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.20% over the week and 2.51% over the month.
Analysts forecast that Live Nation Entertainment Inc (LYV) will achieve an EPS of -$0.19 for the current quarter, $1.12 for the next quarter and $2.22 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.38 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 36.72%, and 24.64% over the next financial year.
Looking at the support for the LYV, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on January 12, 2024, with the firm’s price target at $92-$114. Morgan Stanley coverage for the Live Nation Entertainment Inc (LYV) stock in a research note released on December 14, 2023 offered a Overweight rating with a price target of $110. Evercore ISI was of a view on October 26, 2023 that the stock is Outperform, while Oppenheimer gave the stock Outperform rating on July 21, 2023, issuing a price target of $110. Seaport Research Partners on their part issued Buy rating on April 24, 2023.
