Live Nation Entertainment (NYSE:LYV) Rating Reiterated by Roth Mkm

Live Nation Entertainment (NYSE:LYV)‘s stock had its “buy” rating reaffirmed by analysts at Roth Mkm in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $120.00 target price on the stock. Roth Mkm’s target price would indicate a potential upside of 33.85% from the company’s previous close.

LYV has been the topic of several other reports. Roth Capital raised shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Oppenheimer upped their price target on shares of Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st. Morgan Stanley increased their price objective on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. TD Cowen reissued a “buy” rating and issued a $108.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Finally, Rosenblatt Securities lowered their price objective on shares of Live Nation Entertainment from $124.00 to $119.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.30.

Live Nation Entertainment Trading Down 0.5 %

LYV opened at $89.65 on Tuesday. The firm has a market cap of $20.69 billion, a P/E ratio of 67.41 and a beta of 1.30. Live Nation Entertainment has a 12 month low of $64.96 and a 12 month high of $107.24. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 9.30. The stock has a 50-day moving average of $99.05 and a 200 day moving average of $91.53.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.09). The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Live Nation Entertainment had a net margin of 2.48% and a return on equity of 118.42%. As a group, research analysts forecast that Live Nation Entertainment will post 1.63 EPS for the current year.

Insider Transactions at Live Nation Entertainment

In related news, Director Jeffrey T. Hinson sold 1,001 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $100.50, for a total transaction of $100,600.50. Following the completion of the sale, the director now directly owns 59,374 shares of the company’s stock, valued at approximately $5,967,087. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.85% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYV. Creative Financial Designs Inc. ADV increased its stake in Live Nation Entertainment by 148.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after buying an additional 200 shares during the period. Rise Advisors LLC lifted its stake in Live Nation Entertainment by 90.3% in the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after acquiring an additional 159 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Live Nation Entertainment during the 3rd quarter worth about $33,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Live Nation Entertainment by 9,800.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 495 shares of the company’s stock worth $41,000 after purchasing an additional 490 shares in the last quarter. Finally, Tobam acquired a new position in shares of Live Nation Entertainment during the 4th quarter valued at about $59,000. 74.52% of the stock is currently owned by institutional investors.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.