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Live Nation Entertainment, Inc. (LYV)

NYSE - NYSE Delayed Price. Currency in USD
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86.00-1.00 (-1.15%)
At close: 4:02PM EDT
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Previous Close87.00
Bid0.00 x 1400
Ask0.00 x 900
Day's Range85.14 - 87.36
52 Week Range35.25 - 94.63
Avg. Volume2,420,878
Market Cap18.752B
Beta (5Y Monthly)1.43
PE Ratio (TTM)N/A
EPS (TTM)-8.12
Earnings DateMay 05, 2021 - May 10, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est85.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Is Live Nation The Ultimate Reopening And NFT Play?

    Is Live Nation The Ultimate Reopening And NFT Play?

    Among the trends investors are looking for in 2021 are reopening stocks and non-fungible tokens. One company stands out as a reopening play and could quickly become a NFT play. Reopening Play: Revenue for the main business lines of Live Nation Entertainment (NYSE: LYV) suffered as a result of the COVID-19 pandemic. The company had revenue of $1.9 billion in fiscal 2020 compared to $11.5 billion in fiscal 2019. Revenue for the company’s businesses of concerts, tickets, and sponsorships/advertising were down 84%, 88% and 65%, respectively. As the largest concert and ticketing company in the world, Live Nation could be a reopening play if vaccine rollouts continue and fans are able to attend physical concerts later in 2021 and 2022. “We believe we will return to live even stronger,” the company said. Live Nation sells over 500 million tickets per year, hosts over 40,000 concerts and brings over 100 festivals to life around the world. In its fourth-quarter earnings release, Live Nation said 83% of fans are continuing to hold onto their tickets for future events. “Given the massive social and economic toll that the lockdown has had on the public, we believe there will be strong momentum to reopen society swiftly as soon as vaccines are readily available. And we believe outdoor activities will be the first to happen,” the company said. Related Link: Live Nation’s Plan For Resuming Live Events: What Investors Should Know NFT Play: Along with being a reopening stock, Live Nation may be among the companies that are considered potential NFT plays. LiveXLive Media Inc (NASDAQ: LIVX), which offers streaming concerts to fans, recently announced plans to turn festival posters for its events into NFTs. Given Live Nation’s ownership of over 200 venues, a large offering of ticketing options and control of many of the top festivals in the world, the company could further monetize its assets with NFT offerings. This could include NFTs of concert/festival posters or a form of NFT tickets for fans. The company is continuing to build its concert streaming business with the acquisitions of Veeps, a streaming platform. This could lead to more virtual concerts from the company, which could be monetized with offering NFTs along with the virtual concert ticket. Given its massive scale and reach, a move into NFTs from Live Nation could be well received by the market with potential revenue upside to offset the poor 2020 performance during the pandemic. LYV Price Action: Shares of Live Nation Entertainment were down 3% to $81.75 on Monday. See more from BenzingaClick here for options trades from BenzingaThe First 39 Companies In Cathie Wood's Ark Invest Space ETFArk Funds, Illumina Invest In SomaLogic SPAC Deal: What Investors Should Know© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Live Nation (LYV) Achieved an Unanticipated Intrinsic Value Growth, Says Oakmark Funds
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    Live Nation (LYV) Achieved an Unanticipated Intrinsic Value Growth, Says Oakmark Funds

    Oakmark Funds, a long-term value investment management firm, published its “Oakmark Global Fund” fourth quarter 2020 investor letter – a copy of which can be seen here. A return of 29.45% was recorded by the fund in the fourth quarter of 2020, outperforming both its MSCI World benchmark that had a 14.0% gain, and its […]

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