Geode Capital Management LLC Has $1.76 Million Holdings in LiveOne, Inc. (NASDAQ:LVO)

Geode Capital Management LLC grew its holdings in LiveOne, Inc. (NASDAQ:LVO) by 9.7% in the 3rd quarter, Holdings Channel reports. The fund owned 1,854,372 shares of the company’s stock after purchasing an additional 164,361 shares during the quarter. Geode Capital Management LLC’s holdings in LiveOne were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in LiveOne in the 3rd quarter worth $32,000. SG Americas Securities LLC acquired a new position in shares of LiveOne during the third quarter valued at about $36,000. Marshall Wace LLP acquired a new stake in LiveOne during the second quarter worth about $59,000. Rhumbline Advisers bought a new position in LiveOne during the second quarter valued at about $91,000. Finally, Jane Street Group LLC raised its holdings in LiveOne by 271.3% in the 3rd quarter. Jane Street Group LLC now owns 73,219 shares of the company’s stock valued at $69,000 after acquiring an additional 53,499 shares in the last quarter. Institutional investors and hedge funds own 21.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Wednesday, October 2nd.

LiveOne Stock Performance

NASDAQ:LVO opened at $1.19 on Thursday. The company has a 50-day moving average of $1.03 and a 200-day moving average of $1.21. LiveOne, Inc. has a 52 week low of $0.56 and a 52 week high of $2.15. The company has a market capitalization of $113.84 million, a price-to-earnings ratio of -11.90 and a beta of 1.59.

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.