Livexlive Media (OTCMKTS:LIVX) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Livexlive Media (OTCMKTS:LIVX) released its quarterly earnings data on Wednesday, November 14th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.02, Morningstar.com reports. The business had revenue of $7.97 million for the quarter, compared to the consensus estimate of $8.20 million.
LIVX stock traded up $0.22 during trading on Friday, hitting $4.85. The company had a trading volume of 79,555 shares, compared to its average volume of 78,214. Livexlive Media has a 52-week low of $2.52 and a 52-week high of $11.11.
In other Livexlive Media news, CEO Robert S. Ellin bought 16,201 shares of the business’s stock in a transaction on Monday, November 19th. The shares were acquired at an average price of $3.97 per share, with a total value of $64,317.97. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert S. Ellin bought 6,700 shares of the business’s stock in a transaction on Friday, September 14th. The shares were acquired at an average cost of $4.90 per share, for a total transaction of $32,830.00. The disclosure for this purchase can be found here. Insiders purchased a total of 124,478 shares of company stock worth $605,023 in the last ninety days.
LIVX has been the topic of several recent analyst reports. HC Wainwright initiated coverage on shares of Livexlive Media in a research note on Friday, October 19th. They issued a “buy” rating and a $6.00 target price on the stock. Zacks Investment Research raised shares of Livexlive Media from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, JMP Securities raised their price target on shares of Livexlive Media from $5.00 to $6.00 and gave the stock a “market outperform” rating in a research note on Friday, August 17th.
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About Livexlive Media
LiveXLive Media, Inc, formerly Loton, Corp., is global music streaming network company. The Company is focused on live music and music-related video content. It operates an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews.
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