Litchfield Hills initiated coverage of LiveOne with a Buy rating and $4 price target. The company’s two main businesses, the Slacker streaming music service and PodcastOne, have the same creator-first strategy, with management focusing on personal relationships with talent and breaking new talent in both music and podcasting, the analyst tells investors in a research note. The firm calls LiveOne the “coolest company in media.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVO:
- PodcastOne launches ‘Ransom: Position of Trust’ podcast
- LiveOne announces $11.3M Series A Preferred Stock conversion
- LiveOne (Nasdaq: LVO) Announces $11.3M Series A Preferred Stock Conversion to Common Stock at $2.10 per Share, Led by Harvest Small Cap Partners Master, Ltd. and Trinad Capital Master Fund
- LiveOne subsidiary Drumify launches subscription marketplace
- LiveOne (Nasdaq: LVO) Subsidiary Drumify Launches Subscription Marketplace Integrating Cyanite.ai Tech Stack