LiveOne, Inc. (NASDAQ:LVO) Stake Increased by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of LiveOne, Inc. (NASDAQ:LVO) by 271.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,219 shares of the company’s stock after buying an additional 53,499 shares during the period. Jane Street Group LLC owned about 0.07% of LiveOne worth $69,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LVO. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of LiveOne during the third quarter worth approximately $32,000. SG Americas Securities LLC acquired a new position in LiveOne during the 3rd quarter worth $36,000. Marshall Wace LLP acquired a new position in shares of LiveOne during the second quarter valued at $59,000. Rhumbline Advisers bought a new stake in shares of LiveOne during the second quarter valued at about $91,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in LiveOne by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 221,077 shares of the company’s stock worth $210,000 after purchasing an additional 21,057 shares during the period. Institutional investors and hedge funds own 21.25% of the company’s stock.

LiveOne Stock Down 2.5 %

Shares of LiveOne stock opened at $1.15 on Thursday. The business has a fifty day simple moving average of $1.06 and a 200-day simple moving average of $1.20. LiveOne, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $2.15. The firm has a market cap of $110.02 million, a price-to-earnings ratio of -11.50 and a beta of 1.59.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners lowered their target price on shares of LiveOne from $3.50 to $1.50 and set a “buy” rating on the stock 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.