State Street Corp Boosts Stake in LiveOne, Inc. (NASDAQ:LVO)

State Street Corp raised its stake in shares of LiveOne, Inc. (NASDAQ:LVO) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 797,573 shares of the company’s stock after buying an additional 22,848 shares during the quarter. State Street Corp owned about 0.81% of LiveOne worth $757,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Exchange Traded Concepts LLC raised its position in shares of LiveOne by 134.3% in the third quarter. Exchange Traded Concepts LLC now owns 358,974 shares of the company’s stock valued at $341,000 after buying an additional 205,786 shares during the last quarter. Perritt Capital Management Inc grew its stake in LiveOne by 740.0% in the 2nd quarter. Perritt Capital Management Inc now owns 210,000 shares of the company’s stock worth $330,000 after acquiring an additional 185,000 shares during the period. Bank of New York Mellon Corp raised its holdings in LiveOne by 588.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 202,024 shares of the company’s stock valued at $317,000 after acquiring an additional 172,665 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of LiveOne by 18.6% during the 2nd quarter. Renaissance Technologies LLC now owns 423,500 shares of the company’s stock worth $665,000 after purchasing an additional 66,300 shares during the period. Finally, Rhumbline Advisers acquired a new stake in shares of LiveOne during the second quarter worth $91,000. Hedge funds and other institutional investors own 21.25% of the company’s stock.

LiveOne Trading Down 15.6 %

NASDAQ LVO opened at $1.24 on Friday. The company’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $1.22. The stock has a market cap of $118.63 million, a P/E ratio of -12.40 and a beta of 1.67. LiveOne, Inc. has a 52 week low of $0.56 and a 52 week high of $2.15.

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 for the company in a research note on Wednesday, October 2nd.

LiveOne Company Profile

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.