LiveWire Group (NYSE:LVWR) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

LiveWire Group (NYSE:LVWR) released its quarterly earnings data on Thursday. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03, Zacks reports. The company had revenue of $6.45 million during the quarter. LiveWire Group had a negative return on equity of 49.74% and a negative net margin of 277.31%.

LiveWire Group Trading Up 1.8 %

Shares of LiveWire Group stock traded up $0.14 during trading hours on Friday, reaching $7.89. 36,372 shares of the stock traded hands, compared to its average volume of 23,390. The company has a 50 day moving average price of $7.28 and a 200 day moving average price of $8.07. LiveWire Group has a one year low of $5.71 and a one year high of $12.40.

Insider Buying and Selling at LiveWire Group

In related news, Director Kjell Gruner sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $6.67, for a total transaction of $33,350.00. Following the completion of the transaction, the director now directly owns 57,808 shares in the company, valued at approximately $385,579.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 43,208 shares of company stock worth $284,733 in the last three months. 1.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price target on LiveWire Group from $7.75 to $7.25 and set a “neutral” rating for the company in a research note on Thursday, May 9th.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.