Rhumbline Advisers Buys Shares of 57,699 LiveOne, Inc. (NASDAQ:LVO)

Rhumbline Advisers purchased a new stake in shares of LiveOne, Inc. (NASDAQ:LVO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 57,699 shares of the company’s stock, valued at approximately $91,000. Rhumbline Advisers owned approximately 0.06% of LiveOne at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in LiveOne by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 2,871,646 shares of the company’s stock worth $5,600,000 after acquiring an additional 95,047 shares during the last quarter. Redmond Asset Management LLC increased its stake in shares of LiveOne by 71.1% in the first quarter. Redmond Asset Management LLC now owns 377,406 shares of the company’s stock valued at $736,000 after buying an additional 156,891 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of LiveOne by 588.1% in the second quarter. Bank of New York Mellon Corp now owns 202,024 shares of the company’s stock worth $317,000 after acquiring an additional 172,665 shares during the period. Panagora Asset Management Inc. bought a new stake in LiveOne in the second quarter valued at approximately $86,000. Finally, SG Americas Securities LLC acquired a new stake in LiveOne during the 1st quarter valued at approximately $53,000. 21.25% of the stock is currently owned by institutional investors.

LiveOne Stock Performance

NASDAQ:LVO opened at $0.95 on Tuesday. LiveOne, Inc. has a 52 week low of $0.84 and a 52 week high of $2.15. The firm’s fifty day moving average is $1.53 and its 200-day moving average is $1.66. The firm has a market cap of $93.89 million, a P/E ratio of -5.93 and a beta of 1.56.

LiveOne (NASDAQ:LVO) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $33.08 million during the quarter, compared to analyst estimates of $33.10 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. As a group, sell-side analysts anticipate that LiveOne, Inc. will post -0.01 earnings per share for the current year.

About LiveOne

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.