Live Nation Entertainment (NYSE:LYV) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Live Nation Entertainment (NYSE:LYV) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $174.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Macquarie increased their target price on Live Nation Entertainment from $146.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Guggenheim lifted their target price on Live Nation Entertainment from $146.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Benchmark reiterated a “buy” rating and issued a $160.00 price objective on shares of Live Nation Entertainment in a report on Thursday, February 20th. Finally, Roth Mkm increased their target price on shares of Live Nation Entertainment from $152.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $160.33.

Live Nation Entertainment Trading Up 1.0 %

NYSE:LYV opened at $131.94 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day simple moving average is $137.90 and its 200-day simple moving average is $129.30. Live Nation Entertainment has a fifty-two week low of $86.81 and a fifty-two week high of $157.75. The stock has a market capitalization of $30.79 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Thursday, February 27th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.49. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.67 billion. Live Nation Entertainment had a net margin of 3.90% and a return on equity of 139.09%. Sell-side analysts expect that Live Nation Entertainment will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Live Nation Entertainment

In other Live Nation Entertainment news, CAO Brian Capo sold 5,066 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.24, for a total transaction of $624,333.84. Following the completion of the sale, the chief accounting officer now directly owns 10,549 shares in the company, valued at $1,300,058.76. This trade represents a 32.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Rowles sold 63,136 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40. Following the completion of the transaction, the executive vice president now directly owns 195,346 shares in the company, valued at $30,356,768.40. The trade was a 24.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,702 shares of company stock worth $10,497,143 over the last 90 days. Company insiders own 2.72% of the company’s stock.

Institutional Trading of Live Nation Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Live Nation Entertainment during the fourth quarter worth $29,000. World Investment Advisors LLC acquired a new stake in Live Nation Entertainment in the 3rd quarter worth about $38,000. Murphy & Mullick Capital Management Corp bought a new stake in Live Nation Entertainment in the 4th quarter valued at about $40,000. Morse Asset Management Inc acquired a new position in shares of Live Nation Entertainment during the 3rd quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Live Nation Entertainment during the fourth quarter worth approximately $42,000. 74.52% of the stock is currently owned by institutional investors.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.