Stocks of Live Nation Entertainment Inc (NYSE:LYV) traded higher last session on Wall Street, down -2.21% to $109.06.
LYV stock price is now 11.77% away from the 50-day moving average and 14.43% away from the 200-day moving average. The market capitalization of the company currently stands at $25.12B.
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With the price target of $125, BofA Securities recently initiated with Buy rating for Live Nation Entertainment Inc (NYSE: LYV). , while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, Berchtold Joe, President & CFO sold 29,310 shares of the company’s stock on Sep 12 ’24. The stock was sold for $2,857,676 at an average price of $97.50. Upon completion of the transaction, the President & CFO now directly owns 566,722 shares in the company, valued at $61.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, President & CEO Rapino Michael sold 98,849 shares of the business’s stock. A total of $9,637,778 was realized by selling the stock at an average price of $97.50. This leaves the insider owning 3,702,115 shares of the company worth $403.75 million. A total of 33.14% of the company’s stock is owned by insiders.
During the past 12 months, Live Nation Entertainment Inc has had a low of $76.48 and a high of $112.00. According to the stock market information, the enterprise value for the company is $28352501760, which is based on a 104.26 price-to-earnings ratio, a 2.97 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for LYV is $97.9064 and a two-hundred day moving average price translates $95.38725 for the stock.
The latest earnings results from Live Nation Entertainment Inc (NYSE: LYV) was released for 2024-06-30. The net profit margin was 1.07% and return on equity was 474.88% for LYV. The company reported revenue of $6.02 billion for the quarter, compared to $5.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.97 percent.
