After H.C. Wainwright and JMP Securities gave Livexlive Media (NASDAQ: LIVX) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Jack Vander Aarde reiterated a Buy rating on Livexlive Media yesterday and set a price target of $4.00. The company’s shares closed last Tuesday at $1.88.
According to TipRanks.com, Aarde is a 5-star analyst with an average return of 30.9% and a 59.1% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and WiMi Hologram Cloud.
Livexlive Media has an analyst consensus of Strong Buy, with a price target consensus of $5.13, representing a 170.0% upside. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $6.00 price target.
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The company has a one-year high of $4.89 and a one-year low of $0.72. Currently, Livexlive Media has an average volume of 691.3K.
Based on the recent corporate insider activity of 35 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 acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment. The company also involves in the sale of subscription-based services and advertising from music offerings and the licensing of live music content rights and services. LiveXLive Media was founded on December 28, 2009 by Robert Scott Ellin and is headquartered in Beverly Hills, CA.
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