LiveOne, Inc. (NASDAQ:LVO) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in LiveOne, Inc. (NASDAQ:LVO) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,854,372 shares of the company’s stock after buying an additional 164,361 shares during the quarter. Geode Capital Management LLC owned about 1.87% of LiveOne worth $1,760,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in LVO. Charles Schwab Investment Management Inc. lifted its stake in LiveOne by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 221,077 shares of the company’s stock valued at $210,000 after acquiring an additional 21,057 shares during the last quarter. State Street Corp raised its holdings in shares of LiveOne by 2.9% during the 3rd quarter. State Street Corp now owns 797,573 shares of the company’s stock valued at $757,000 after purchasing an additional 22,848 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LiveOne in the 3rd quarter valued at $32,000. SG Americas Securities LLC bought a new stake in LiveOne in the third quarter worth $36,000. Finally, Marshall Wace LLP acquired a new position in LiveOne during the second quarter worth $59,000. Institutional investors and hedge funds own 21.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners decreased their price target 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 Trading Down 8.5 %

NASDAQ LVO opened at $1.19 on Thursday. LiveOne, Inc. has a 1 year low of $0.56 and a 1 year high of $2.15. The company has a fifty day simple moving average of $1.03 and a 200 day simple moving average of $1.21. The company has a market cap of $113.84 million, a P/E ratio of -11.90 and a beta of 1.59.

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.