Insider Buying: Livexlive Media Inc (LIVX) Director Buys 84,351 Shares of Stock

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Livexlive Media Inc (OTCMKTS:LIVX) Director Jay E. Krigsman acquired 84,351 shares of Livexlive Media stock in a transaction dated Tuesday, September 25th. The stock was purchased at an average price of $5.06 per share, with a total value of $426,816.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Livexlive Media stock opened at $3.20 on Wednesday. Livexlive Media Inc has a 1-year low of $2.52 and a 1-year high of $11.11.

Livexlive Media (OTCMKTS:LIVX) last announced its earnings results on Tuesday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.09). The company had revenue of $7.59 million for the quarter, compared to analyst estimates of $7.70 million.

A number of hedge funds have recently made changes to their positions in LIVX. Bank of New York Mellon Corp bought a new position in Livexlive Media during the second quarter worth $109,000. Balter Liquid Alternatives LLC bought a new position in Livexlive Media during the second quarter worth $145,000. Millennium Management LLC bought a new position in Livexlive Media during the first quarter worth $268,000. Northern Trust Corp bought a new position in Livexlive Media during the second quarter worth $373,000. Finally, BlackRock Inc. bought a new position in Livexlive Media during the second quarter worth $3,142,000.

A number of analysts have recently weighed in on LIVX shares. Zacks Investment Research upgraded shares of Livexlive Media from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th. HC Wainwright started coverage on shares of Livexlive Media in a research note on Friday, October 19th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, JMP Securities boosted their price objective 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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Livexlive Media Company Profile

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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Insider Buying and Selling by Quarter for Livexlive Media (OTCMKTS:LIVX)

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