TD Cowen Reaffirms Their Buy Rating on Live Nation Entertainment (LYV)
TD Cowen analyst Doug Creutz reiterated a Buy rating on Live Nation Entertainment yesterday and set a price target of $177.00.
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According to TipRanks, Creutz is a 5-star analyst with an average return of 14.5% and a 64.20% success rate. Creutz covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, Take-Two, and Playtika Holding.
In addition to TD Cowen, Live Nation Entertainment also received a Buy from BTIG’s Tyler DiMatteo in a report issued on July 28. However, on July 21, Susquehanna downgraded Live Nation Entertainment (NYSE: LYV) to a Hold.
Based on Live Nation Entertainment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.79 billion and a GAAP net loss of $389.1 million. In comparison, last year the company earned a revenue of $3.38 billion and had a net profit of $23.2 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYV in relation to earlier this year. Last month, Jeffrey Hinson, a Director at LYV sold 2,115.00 shares for a total of $370,125.00.
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