Charles Schwab Investment Management Inc. Purchases 21,057 Shares of LiveOne, Inc. (NASDAQ:LVO)

Charles Schwab Investment Management Inc. grew its position in shares of LiveOne, Inc. (NASDAQ:LVO) by 10.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 221,077 shares of the company’s stock after acquiring an additional 21,057 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in LiveOne were worth $210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in LiveOne by 18.6% during the second quarter. Renaissance Technologies LLC now owns 423,500 shares of the company’s stock valued at $665,000 after purchasing an additional 66,300 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of LiveOne by 134.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 358,974 shares of the company’s stock valued at $341,000 after buying an additional 205,786 shares in the last quarter. Perritt Capital Management Inc raised its position in shares of LiveOne by 740.0% during the 2nd quarter. Perritt Capital Management Inc now owns 210,000 shares of the company’s stock valued at $330,000 after buying an additional 185,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of LiveOne by 588.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 202,024 shares of the company’s stock valued at $317,000 after acquiring an additional 172,665 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in LiveOne in the second quarter worth about $91,000. 21.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Alliance Global Partners decreased their price objective on LiveOne from $3.50 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd.

LiveOne Stock Up 3.8 %

LVO stock opened at $1.09 on Friday. LiveOne, Inc. has a twelve month low of $0.56 and a twelve month high of $2.15. The stock has a market capitalization of $104.28 million, a price-to-earnings ratio of -10.90 and a beta of 1.67. The firm’s fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $1.26.

LiveOne Company 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.