Livexlive Media Inc (LIVX) Receives a Buy from H.C. Wainwright

In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on Livexlive Media Inc (LIVXResearch Report), with a price target of $6. The company’s shares closed yesterday at $2.79.

According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.9% and a 31.7% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.

Currently, the analyst consensus on Livexlive Media Inc is a Moderate Buy with an average price target of $7, a 150.9% upside from current levels. In a report issued on July 30, Maxim Group also reiterated a Buy rating on the stock with a $8 price target.

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The company has a one-year high of $3.02 and a one-year low of $2.12. Currently, Livexlive Media Inc has an average volume of 78.73K.

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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.