In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on Livexlive Media Inc (LIVX), with a price target of $6. The company’s shares closed yesterday at $3.65, close to its 52-week low of $2.52.
According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -16.8% and a 25.5% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.
Livexlive Media Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7, representing a 91.8% upside. In a report issued on May 31, Maxim Group also maintained a Buy rating on the stock with a $8 price target.
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Based on Livexlive Media Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $9.75 million. In comparison, last year the company had a GAAP net loss of $9.5 million.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LIVX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
LiveXLive Media, Inc. engages in the pacquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It offers music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment.
