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What should you know before buying stock in Live Nation Entertainment Inc. (LYV)

Live Nation Entertainment Inc. (NYSE: LYV) is 8.89% higher on its value in year-to-date trading and has touched a low of $65.05 and a high of $126.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LYV stock was last observed hovering at around $75.11 in the last trading session, with the day’s gains setting it 0.83% off its average median price target of $105.50 for the next 12 months. It is also 36.72% off the consensus price target high of $120.00 offered by 19 analysts, but current levels are -8.49% lower than the price target low of $70.00 for the same period.

Currently trading at $75.94, the stock is 5.66% and 5.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 1.11% at the moment leaves the stock -11.10% off its SMA200. LYV registered -32.46% loss for a year compared to 6-month loss of -17.08%.

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The stock witnessed a 10.57% gain in the last 1 month and extending the period to 3 months gives it a -3.70%, and is 1.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 2.73% over the month.

Live Nation Entertainment Inc. (LYV) has around 10200 employees, a market worth around $17.09B and $15.09B in sales. Current P/E ratio is 101.39 and Fwd P/E is 56.67. Profit margin for the company is 2.20%. Distance from 52-week low is 16.74% and -40.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.40%).

Live Nation Entertainment Inc. (LYV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Live Nation Entertainment Inc. (LYV) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 3 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Live Nation Entertainment Inc. is expected to release its quarterly report on 05/04/2023.The EPS is expected to grow by 62.00% this year.

Live Nation Entertainment Inc. (LYV) Top Institutional Holders

The shares outstanding are 225.76M, and float is at 155.81M with Short Float at 8.11%.

Live Nation Entertainment Inc. (LYV) Insider Activity

A total of 51 insider transactions have happened at Live Nation Entertainment Inc. (LYV) in the last six months, with sales accounting for 40 and purchases happening 11 times. The most recent transaction is an insider purchase by Iovine Jimmy,the company’sDirector. SEC filings show that Iovine Jimmy bought 13,740 shares of the company’s common stock on Dec 01 at a price of $73.28 per share for a total of $1.01 million. Following the purchase, the insider now owns 13740.0 shares.

Live Nation Entertainment Inc. disclosed in a document filed with the SEC on Sep 23 that Rapino Michael (President & CEO) sold a total of 78,000 shares of the company’s common stock. The trade occurred on Sep 23 and was made at $74.41 per share for $5.8 million. Following the transaction, the insider now directly holds 3.8 million shares of the LYV stock.

Still, SEC filings show that on Sep 22, Rapino Michael (President & CEO) disposed off 78,000 shares at an average price of $77.97 for $6.08 million. The insider now directly holds 3,777,273 shares of Live Nation Entertainment Inc. (LYV).

Live Nation Entertainment Inc. (LYV): Who are the competitors?

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