An Evaluation Of Live Nation Entertainment Inc (NYSE: LYV) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed BRET MICHAELS PARTNERS WITH LIVE NATION FOR THE TRIUMPHANT RETURN OF THE MICHAELS-PRODUCED & CREATED PARTI-GRAS 2.0, THE ALL-KILLER HITS, NO FILLER, FEEL-GOOD MUSIC FESTIVAL OF THE SUMMER.

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Stocks Info

LYV belongs to the Communication Services sector of the NYSE while operating in the Entertainment industry. The current market capitalization of Live Nation Entertainment Inc is $21.20B. A total of 2.33 million shares were traded on the day, compared to an average of 2.08M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, LYV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 13 SELLs from insiders. Insiders purchased 144,049 shares during that period but sold 143,342.

In the most recent transaction, Berchtold Joe sold 119,100 shares of LYV for 92.91 per share on Dec 15. After the transaction, the President & CFO now owns 442,107 company shares. In a previous transaction on Dec 14, Berchtold Joe sold 119,100 shares at 92.84 per share. LYV shares that President & CFO owns now total 442,107.

Among the insiders who sold shares, Berchtold Joe disposed of 119,100 shares on Dec 13 at a per-share price of $88.11. This resulted in the President & CFO holding 442,107 shares of LYV after the transaction. In another insider transaction, HINSON JEFFREY T. sold 1,000 shares at $85.79 per share on Jun 12. Company shares held by the Director now total 60,975.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LYV in the last 3 months, the mean price target is $113.11 with high estimates of $128.00 and low estimates of $85.00. In terms of 52-week highs and lows, LYV has a high of $101.74 and a low of $64.25.

As of this writing, LYV has an earnings estimate of -$1.03 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of -$0.78 per share and a lower estimate of -$1.36. The company reported an EPS of $1.02 in the last quarter, which was 64.50% higher than expectations of $0.62.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $0.97, while its Total Shareholder’s Equity was $363.47M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.94.

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