Live Nation Entertainment Inc (NYSE: LYV) is -5.18% lower on its value in year-to-date trading and has touched a low of $86.81 and a high of $157.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LYV stock was last observed hovering at around $127.51 in the last trading session, with the day’s loss setting it -4.72%.
Currently trading at $122.79, the stock is -14.86% and -12.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing -3.70% at the moment leaves the stock 6.37% off its SMA200. LYV registered 23.79% gain for a year compared to 6-month gain of 30.35%.
The stock witnessed a -18.13% loss in the last 1 month and extending the period to 3 months gives it a -10.20%, and is -13.69% down 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 4.35% over the week and 3.57% over the month.
Live Nation Entertainment Inc (LYV) has around 16200 employees, a market worth around $28.38B and $23.16B in sales. Current P/E ratio is 45.25 and Fwd P/E is 33.50. Profit margin for the company is 2.79%. Distance from 52-week low is 41.45% and -22.16% from its 52-week high. The company has generated returns on investments over the last 12 months (8.04%).
with sales reaching $3.72B over the same period.The EPS is expected to grow by 20.14% this year, but quarterly earnings will post 14.45% year-over-year. Quarterly sales are estimated to shrink -2.01% in year-over-year returns.
Live Nation Entertainment Inc (LYV) Top Institutional Holders
The shares outstanding are 234.36M, and float is at 154.30M with Short Float at 8.73%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.46 million shares valued at $1.73 billion. The investor’s holdings represent 8.0448% of the LYV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.59 million shares valued at $1.27 billion to account for 5.9221 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 12.94 million shares representing 5.6283% and valued at over $1.21 billion, while STATE STREET CORP holds 3.8781 of the shares totaling 8.9 million with a market value of $834.21 million.
Live Nation Entertainment Inc (LYV) Insider Activity
The most recent transaction is an insider sale by Rowles Michael, the company’s EVP & General Counsel. SEC filings show that Rowles Michael sold 63,136 shares of the company’s common stock on Feb 24 ’25 at a price of $155.40 per share for a total of $9.81 million. Following the sale, the insider now owns 0.2 million shares.
Live Nation Entertainment Inc disclosed in a document filed with the SEC on Feb 25 ’25 that Rowles Michael (EVP & General Counsel) sold a total of 28,828 shares of the company’s common stock. The trade occurred on Feb 25 ’25 and was made at $147.22 per share for $4.24 million. Following the transaction, the insider now directly holds 0.2 million shares of the LYV stock.
Still, SEC filings show that on Feb 24 ’25, Rowles Michael (Officer) Proposed Sale 91,964 shares at an average price of $155.00 for $14.25 million. The insider now directly holds shares of Live Nation Entertainment Inc (LYV).
