Barclays PLC Purchases 83,242 Shares of LiveOne, Inc. (NASDAQ:LVO)

Barclays PLC increased its stake in shares of LiveOne, Inc. (NASDAQ:LVO) by 359.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,408 shares of the company’s stock after acquiring an additional 83,242 shares during the period. Barclays PLC owned about 0.11% of LiveOne worth $101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of LiveOne by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 221,077 shares of the company’s stock worth $210,000 after acquiring an additional 21,057 shares during the period. State Street Corp increased its stake in LiveOne by 2.9% in the 3rd quarter. State Street Corp now owns 797,573 shares of the company’s stock valued at $757,000 after buying an additional 22,848 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in LiveOne in the 3rd quarter valued at $32,000. SG Americas Securities LLC acquired a new stake in LiveOne in the 3rd quarter valued at $36,000. Finally, Marshall Wace LLP acquired a new stake in LiveOne in the 2nd quarter valued at $59,000. 21.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Alliance Global Partners lowered their price objective 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 Price Performance

LiveOne stock opened at $1.26 on Friday. The firm has a market capitalization of $120.54 million, a PE ratio of -12.60 and a beta of 1.59. The company’s 50-day moving average is $1.10 and its 200-day moving average is $1.19. LiveOne, Inc. has a fifty-two week low of $0.56 and a fifty-two week high of $2.15.

LiveOne (NASDAQ:LVO) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $32.59 million for the quarter, compared to analyst estimates of $33.65 million. During the same period last year, the firm earned ($0.09) earnings per share. As a group, analysts expect that LiveOne, Inc. will post -0.1 EPS for the current year.

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.