LiveWire Group, Inc. (NYSE:LVWR) experienced a significant decline in its stock price on Friday, falling by 4.6%. Shares traded as low as $4.46 before closing at $4.4650. The trading volume was markedly lower than usual, with only 5,853 shares exchanging hands compared to an average session volume of 1,235,551 shares. This drop follows a previous closing price of $4.68.
Analysts Adjust Ratings
Recent activity among market analysts has prompted new ratings for LiveWire Group. On October 8, Weiss Ratings reaffirmed a “sell (e+)” rating for the company. Meanwhile, Wall Street Zen upgraded its recommendation from “sell” to “hold” on August 2. Currently, the consensus rating for LiveWire Group remains a “Sell,” according to data from MarketBeat.com.
The company’s financial results, released on November 4, revealed a loss of $0.10 earnings per share for the quarter, alongside revenues of $5.70 million. LiveWire Group reported a negative net margin of 320.10% and a negative return on equity of 90.76%, underscoring ongoing financial challenges.
Institutional Investors Take Action
Several institutional investors have recently adjusted their positions in LiveWire Group. Nuveen LLC acquired a new stake valued at $43,000 in the first quarter. Rhumbline Advisers increased its holdings by 21.9% during the same period, now owning 17,655 shares worth approximately $35,000.
In the second quarter, Geode Capital Management LLC expanded its stake by 102.0%, bringing its total to 437,744 shares valued at about $2.014 million. Other notable investors include the Police & Firemen’s Retirement System of New Jersey and The Manufacturers Life Insurance Company, which also made new investments in the firm.
Currently, institutional investors hold 0.88% of LiveWire Group’s stock, reflecting cautious interest in the company’s future.
LiveWire Group, headquartered in the United States, specializes in manufacturing electric motorcycles and operates in two main segments: Electric Motorcycles and STACYC. The company designs and sells electric motorcycles, parts, accessories, and apparel, along with electric balance bikes for children. Its products are available through wholesalers, independent dealers, retailers, and online platforms.
As LiveWire Group navigates these financial challenges, the market will be closely monitoring its performance and the reactions of analysts and institutional investors in the coming weeks.
