Today it was reported that the EVP & CFO of Live Nation Entertainment (NYSE: LYV), Elizabeth Kathleen Willard, exercised options to sell 40,000 LYV shares at $11.01 a share, for a total transaction value of $1.97M.
In addition to Elizabeth Kathleen Willard, 2 other LYV executives reported Sell trades in the last month. Following Elizabeth Kathleen Willard’s last LYV Sell transaction on August 17, 2018, the stock climbed by 1.0%.
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Based on Live Nation Entertainment’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.87 billion and quarterly net profit of $52.19 million. In comparison, last year the company earned revenue of $2.82 billion and had a net profit of $62.64 million. Currently, Live Nation Entertainment has an average volume of 838.3K. The Company has a Price to Book ratio of 8.8438.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.17, reflecting a 17.6% upside.
The insider sentiment on Live Nation Entertainment has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing, and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, Ticketing, and Artist Nation.
