In a report released yesterday, Allen Klee from Maxim Group maintained a Buy rating on Livexlive Media Inc (LIVX), with a price target of $8. The company’s shares opened today at $3.71, close to its 52-week low of $2.52.
Klee observed:
“Reported this morning, FY19 results were in-line with preannounced guidance and demonstrated good traction in building out attractive live music venue.”
According to TipRanks.com, Klee has 0 stars on 0-5 star ranking scale with an average return of -17.2% and a 29.3% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
Livexlive Media Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7, which is an 88.7% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $6 price target.
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The company has a one-year high of $11.11 and a one-year low of $2.52. Currently, Livexlive Media Inc has an average volume of 59.53K.
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.
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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.
