Live Nation Entertainment, Inc. (NYSE:LYV) Director James S. Kahan acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of $61.54 per share, for a total transaction of $276,930.00. Following the acquisition, the director now owns 82,821 shares in the company, valued at $5,096,804.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Live Nation Entertainment stock opened at $63.16 on Friday. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of -701.78 and a beta of 1.19. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.49. The company’s 50-day moving average price is $67.27 and its two-hundred day moving average price is $67.45. Live Nation Entertainment, Inc. has a 52 week low of $46.02 and a 52 week high of $73.71.
Live Nation Entertainment (NYSE:LYV) last released its earnings results on Thursday, October 31st. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $4.07 billion. Live Nation Entertainment had a net margin of 0.61% and a return on equity of 4.96%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. Research analysts expect that Live Nation Entertainment, Inc. will post 0.15 earnings per share for the current fiscal year.
A number of analysts recently weighed in on LYV shares. Morgan Stanley started coverage on shares of Live Nation Entertainment in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $75.00 price objective on the stock. ValuEngine raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Guggenheim set a $84.00 price objective on shares of Live Nation Entertainment and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut shares of Live Nation Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Finally, Jefferies Financial Group set a $84.00 price objective on shares of Live Nation Entertainment and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Live Nation Entertainment has a consensus rating of “Buy” and a consensus price target of $73.33.
About Live Nation Entertainment
Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.
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