How Should Investors View Live Nation Entertainment Inc. (LYV) Insider Trading?

At the last check on Friday, Live Nation Entertainment Inc.’s (NYSE:LYV) stock was down -$2.53, moving down -2.59 percent to $94.97. The average number of shares traded per day over the past five days has been 1,287,775 shares. 4 times new highs have been achieved over the past 5 days, with a $1.37 gain in that time frame. In the last twenty days, the average volume was 1,230,319, while in the previous 50 days, it was 1,580,672.

Since last month, LYV stock rose 15.21%. Shares of the company fell to $79.50 on 07/13/22, the lowest level in the past month. A 52-week high of $127.75 was reached on 02/25/22 after having rallying from a 52-week low of $78.14. Since the beginning of this year, LYV’s stock price has dropped by -18.54% or -$24.33, and marked a new high 4 times. However, the stock has declined by -25.66% since its 52-week high.

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Live Nation Entertainment Inc. (LYV) last reported insider trading activity 91 days ago on May 06. Rapino Michael, the President & CEO of the company, disposed of 78,000 shares for $93.08 on May 06. It resulted in a $7,260,613 divestment by the insider. Rapino Michael sold 78,000 shares at an average price of $95.20 on May 05. The insider now owns 3,314,520 shares following the transaction. On May 04, President & CEO Rapino Michael sold 78,000 shares at $96.63 apiece. The transaction was valued at $7,537,476.

Financial Health

In the three months ended March 30, Live Nation Entertainment Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 32.00% percent. In the year ended March 30, operating margins totaled -0.70%. Based on annual data, LYV earned $1.91 billion in gross profit and brought in $6.27 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.40%. Return on equity (ROE) for the past 12 months was 74.20%.

In Live Nation Entertainment Inc.’s quarter-end financial report for March 30, it reported total debt of $5.15 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LYV’s revenue rose 83.88% to $2.7 billion during the quarter, while net income inched up to $1.8 billion. While analysts expected Live Nation Entertainment Inc. to report -$0.79 quarterly earnings, the actual figure was -$0.39 per share, beating the consensus estimate by 50.60%. During the quarter, the company generated $150.17 million in EBITDA. The liabilities of Live Nation Entertainment Inc. were 16.15 billion at the end of its most recent quarter ended March 30, and its total debt was $7.61 billion. The value of shareholders’ equity is $228.06 million.

Technical Picture

This quick technical analysis looks at Live Nation Entertainment Inc.’s (LYV) price momentum. With a historical volatility rate of 30.89%, the RSI 9-day stood at 61.06% on 04 August.

With respect to its five-day moving average, the current Live Nation Entertainment Inc. price is up by +1.45% percent or $1.37. At present, LYV shares trade +13.03% above its 20-day simple moving average and -11.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately +12.91% above its SMA50 and -4.65% below its SMA200.

Stochastic coefficient K was 86.93% and Stochastic coefficient D was 93.20%, while ATR was 3.26. Given the Stochastic reading of 70.59% for the 14-day period, the RSI (14) reading has been calculated as 59.85%. As of today, the MACD Oscillator reading stands at 2.26, while the 14-day reading stands at 3.28.

Analyst Ratings

Macquarie upgraded its rating on Live Nation Entertainment Inc. (NYSE: LYV) to an Outperform in a note to investors on July 05, 2022. The analysts firm previously had a Neutral rating on the stock.Live Nation Entertainment Inc. (LYV) has been rated Overweight by analysts. According to 1 brokerage firm, LYV is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Live Nation Entertainment Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $127.50, the current consensus forecast for the stock is $80.00 – $150.00. Based on these forecasts, analysts predict Live Nation Entertainment Inc. (LYV) will achieve an average price target of $122.29.


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