Fleming James B JR Makes New $2.70 Million Investment in LiveOne, Inc. (NASDAQ:LVO)

Fleming James B JR bought a new stake in shares of LiveOne, Inc. (NASDAQ:LVO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,836,382 shares of the company’s stock, valued at approximately $2,699,000. LiveOne makes up about 3.2% of Fleming James B JR’s portfolio, making the stock its 2nd biggest position. Fleming James B JR owned approximately 1.92% of LiveOne at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of LiveOne during the 3rd quarter worth approximately $32,000. Virtu Financial LLC acquired a new position in shares of LiveOne during the third quarter worth $67,000. Jane Street Group LLC lifted its holdings in shares of LiveOne by 271.3% during the 3rd quarter. Jane Street Group LLC now owns 73,219 shares of the company’s stock valued at $69,000 after purchasing an additional 53,499 shares during the last quarter. Barclays PLC boosted its position in shares of LiveOne by 359.3% in the 3rd quarter. Barclays PLC now owns 106,408 shares of the company’s stock worth $101,000 after purchasing an additional 83,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of LiveOne by 10.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 221,077 shares of the company’s stock worth $210,000 after purchasing an additional 21,057 shares in the last quarter. 21.25% of the stock is currently owned by hedge funds and other institutional investors.

LiveOne Price Performance

Shares of NASDAQ:LVO opened at $0.86 on Tuesday. The firm has a market capitalization of $82.17 million, a P/E ratio of -6.58 and a beta of 1.66. The business’s 50-day moving average is $0.97 and its 200 day moving average is $0.99. LiveOne, Inc. has a 1 year low of $0.56 and a 1 year high of $2.05.

LiveOne (NASDAQ:LVO) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $29.45 million during the quarter, compared to analysts’ expectations of $32.69 million. On average, analysts expect that LiveOne, Inc. will post -0.1 EPS for the current year.

LiveOne Profile

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.