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H.C. Wainwright Thinks LiveOne’s Stock is Going to Recover

H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on LiveOne (LVOResearch Report) today and set a price target of $4.00. The company’s shares closed last Wednesday at $0.80, close to its 52-week low of $0.56.

According to TipRanks.com, Dede ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.1% and a 30.4% success rate. Dede covers the Technology sector, focusing on stocks such as WISeKey International Holding, HIVE Blockchain Technologies, and Marathon Digital Holdings.

LiveOne has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.

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Based on LiveOne’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.9 million and GAAP net loss of $11.79 million. In comparison, last year the company earned revenue of $19.12 million and had a GAAP net loss of $8.73 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LVO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LiveXLive Media, Inc. engages in the acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment. The company also involves in the sale of subscription-based services and advertising from music offerings and the licensing of live music content rights and services. LiveXLive Media was founded on December 28, 2009 by Robert Scott Ellin and is headquartered in Beverly Hills, CA.

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