Live Nation Entertainment (NYSE:LYV) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft began coverage on shares of Live Nation Entertainment (NYSE:LYV) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $120.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 34.41% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. 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 report on Thursday, April 11th. Roth Capital upgraded shares of Live Nation Entertainment from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. TD Cowen reissued a “buy” rating and issued a $108.00 target price on shares of Live Nation Entertainment in a research note on Tuesday, April 16th. Oppenheimer lifted their price target on Live Nation Entertainment from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. Finally, Morgan Stanley raised their target price on shares of Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.64.

Live Nation Entertainment Trading Up 0.4 %

NYSE LYV opened at $89.28 on Tuesday. Live Nation Entertainment has a one year low of $66.38 and a one year high of $107.24. The company has a debt-to-equity ratio of 9.30, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 67.13 and a beta of 1.30. The business’s fifty day moving average is $98.75 and its 200-day moving average is $91.65.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.09). Live Nation Entertainment had a return on equity of 118.42% and a net margin of 2.48%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $4.72 billion. Equities research analysts predict that Live Nation Entertainment will post 1.62 EPS for the current year.

Insider Buying and Selling

In other Live Nation Entertainment news, Director Jeffrey T. Hinson sold 1,001 shares of Live Nation Entertainment stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $100.50, for a total value of $100,600.50. Following the completion of the transaction, the director now directly owns 59,374 shares of the company’s stock, valued at $5,967,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Live Nation Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its holdings in shares of Live Nation Entertainment by 148.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 335 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Live Nation Entertainment in the first quarter worth approximately $32,000. Raleigh Capital Management Inc. bought a new position in Live Nation Entertainment during the third quarter valued at approximately $33,000. Rise Advisors LLC boosted its holdings in Live Nation Entertainment by 90.3% in the first quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in 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 valued at $41,000 after buying an additional 490 shares during the last quarter. 74.52% of the stock is 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.