Livexlive Media (LIVX) Gets a Buy Rating from Maxim Group

By Ryan Adsit

In a report released yesterday, Jack Vander Aarde from Maxim Group maintained a Buy rating on Livexlive Media (LIVXResearch Report), with a price target of $4.00. The company’s shares closed last Monday at $1.42, close to its 52-week low of $1.29.

According to TipRanks.com, Aarde is ranked #4179 out of 5600 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Livexlive Media with a $5.50 average price target.

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The company has a one-year high of $3.05 and a one-year low of $1.29. Currently, Livexlive Media has an average volume of 116.5K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LIVX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LiveXLive Media, Inc. engages in the acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment.