Livexlive Media Inc (LIVX) received a Buy rating and a $9 price target from Maxim Group analyst Allen Klee today. The company’s shares opened today at $6.31.
Klee commented:
“LiveXLive Media is taking an early lead in the attractive live music market with plans to stream 27 festivals / events this FY19 and 40+ the following year.”
According to TipRanks.com, Klee has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.2% and a 39.4% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and Atlantic Tele-Network.
Livexlive Media Inc has an analyst consensus of Strong Buy, with a price target consensus of $8.33.
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Based on Livexlive Media Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $6.56 million. In comparison, last year the company had a GAAP net loss of $3.93 million.
Based on the recent corporate insider activity of 32 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.
