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Saturday, June 3, 2023

This Is Too Hot For Live Nation Entertainment Inc. (NYSE: LYV), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Live Nation Entertainment Inc. (LYV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.35, or -0.52%, to $67.40. The Live Nation Entertainment Inc. has recorded 92,063 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Live Nation Entertainment Schedules First Quarter 2023 Earnings Release And Teleconference.

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Stocks Info

As a NYSE listed company, LYV falls under the Communication Services sector while operating within the Entertainment industry segment. At the end of the last regular session, the stock closed at $67.75 and fluctuated between $68.33 as its day high and $66.39 as its day low. The current market capitalization of Live Nation Entertainment Inc. is $15.59B. A total of 1.6 million shares were traded on the day, compared to an average of 1.80M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, LYV has seen 3 BUY and 5 SELL insider trades, representing the acquisition of 17,409 and the disposition of 3,256 shares. Over the last 12 months, there were 28 BUYs and 75 SELLs from insiders. Insiders purchased 2,482,875 shares during that period but sold 2,645,728.

In the most recent transaction, Iovine Jimmy bought 13,740 shares of LYV for 73.28 per share on Dec 01. After the transaction, the Director now owns 13,740 company shares. In a previous transaction on Sep 23, Rapino Michael sold 78,000 shares at 74.41 per share. LYV shares that President & CEO owns now total 3,799,273.

Among the insiders who sold shares, Rapino Michael disposed of 78,000 shares on Sep 22 at a per-share price of $77.97. This resulted in the President & CEO holding 3,777,273 shares of LYV after the transaction. In another insider transaction, Rapino Michael sold 78,000 shares at $83.60 per share on Sep 21. Company shares held by the President & CEO now total 3,755,273.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for LYV in the last 3 months, the mean price target is $95.18 with high estimates of $120.00 and low estimates of $70.00. In terms of 52-week highs and lows, LYV has a high of $106.81 and a low of $64.25.

As of this writing, LYV has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$0.73. The company reported an EPS of $1.39 in the last quarter, which was 35.00% higher than expectations of $1.03.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. LYV’s latest balance sheet shows that the firm has $4.88B in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $6.86B in liabilities at the time. Its Book Value Per Share was -$1.62, while its Total Shareholder’s Equity was $363.47M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LYV is Underweight with a score of 4.67. A total of 12 analysts rated the stock as Buy while 2 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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