SG Americas Securities LLC Takes $36,000 Position in LiveOne, Inc. (NASDAQ:LVO)

SG Americas Securities LLC acquired a new stake in LiveOne, Inc. (NASDAQ:LVO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,632 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors also recently bought and sold shares of LVO. Virtu Financial LLC acquired a new position in shares of LiveOne in the first quarter valued at about $30,000. Quadrature Capital Ltd acquired a new position in LiveOne in the 1st quarter worth approximately $34,000. Perritt Capital Management Inc. purchased a new position in LiveOne during the 1st quarter worth approximately $49,000. Marshall Wace LLP acquired a new stake in LiveOne during the 2nd quarter valued at approximately $59,000. Finally, Panagora Asset Management Inc. acquired a new stake in LiveOne during the 2nd quarter valued at approximately $86,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.

LiveOne Price Performance

Shares of NASDAQ LVO opened at $0.62 on Wednesday. The company has a market capitalization of $61.54 million, a P/E ratio of -3.89 and a beta of 1.54. LiveOne, Inc. has a 1 year low of $0.56 and a 1 year high of $2.15. The company has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.48.

LiveOne (NASDAQ:LVO) last announced its earnings results on Tuesday, August 13th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $33.08 million for the quarter, compared to analysts’ expectations of $33.10 million. During the same period last year, the business earned ($0.01) EPS. As a group, research analysts expect that LiveOne, Inc. will post -0.05 EPS for the current year.

Analysts Set New Price Targets

Separately, Alliance Global Partners dropped their target price on LiveOne from $3.50 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, October 2nd.

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.