Charles Schwab Investment Management Inc. Boosts Holdings in LiveOne, Inc. (NASDAQ:LVO)

Posted by Defense World Staff on Dec 20th, 2024

Charles Schwab Investment Management Inc. raised its holdings in shares of LiveOne, Inc. (NASDAQ:LVO – Free Report) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,077 shares of the company’s stock after buying an additional 21,057 shares during the period. Charles Schwab Investment Management Inc. owned about 0.22% of LiveOne worth $210,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in LiveOne during the 3rd quarter worth approximately $32,000. SG Americas Securities LLC purchased a new stake in shares of LiveOne in the third quarter worth $36,000. Marshall Wace LLP bought a new stake in shares of LiveOne during the 2nd quarter valued at $59,000. Panagora Asset Management Inc. purchased a new position in shares of LiveOne during the 2nd quarter valued at $86,000. Finally, Rhumbline Advisers purchased a new position in shares of LiveOne during the 2nd quarter valued at $91,000. 21.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on LiveOne

LiveOne Price Performance

Shares of LVO opened at $1.09 on Friday. 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 $0.85 and a two-hundred day simple moving average of $1.26. The firm has a market cap of $104.28 million, a P/E ratio of -10.90 and a beta of 1.67.

LiveOne Company Profile

(Free Report)

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.