How to Buy Live Nation Entertainment Stock
Live Nation Entertainment Inc
Live Nation Entertainment is a entertainment company located in California, United States, which is part of the Communication Services sector, and is traded under the ticker LYV on the NYSE exchange.
Live Nation Entertainment stock last closed at $89.65, down 0.49% from the previous day, and has increased 33.41% in one year. It has overperformed other stocks in the Entertainment industry by 0.22 percentage points. Live Nation Entertainment stock is currently +38.01% from its 52-week low of $64.96, and -16.4% from its 52-week high of $107.24.
At the moment, there are 230.8M LYV shares outstanding. The market cap of LYV is $20.69B. In the last 24 hours, 1.34M LYV shares were traded.
How to Buy Live Nation Entertainment Stock
Wondering how to invest in Live Nation Entertainment stock? Here's how.
- Choose where to buy Live Nation Entertainment stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you choose where to buy Live Nation Entertainment stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Select your payment method and add your information.
- Research Live Nation Entertainment stock: The Live Nation Entertainment ticker symbol is LYV. Is Live Nation Entertainment stock a good investment? Should you buy shares of LYV? How do LYV's underlying business fundamentals look? Do top analysts think Live Nation Entertainment is a good buy? Why has LYV's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if LYV is a good stock to buy).
- Place your LYV buy order: Decide if you will purchase LYV shares at the current market price or use a limit order to buy LYV shares at a particular price.
- Track your LYV position: Create a watchlist to keep track of your new investment in Live Nation Entertainment stock.
Step 1: Choose where to buy Live Nation Entertainment stock
You will need an online brokerage account in order to access the NYSE market and buy LYV stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you can invest in LYV stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on stock market apps, you need to deposit funds:
Check out this video walkthrough if you need help transferring money into your brokerage account.
Step 4: Research Live Nation Entertainment stock
Once you have figured out the best place to buy Live Nation Entertainment stock, it's critical to research their stock prior to investing, so you can wrap your head around the risk and opportunity.
Live Nation Entertainment Numbers
Fundamentals of Live Nation Entertainment
WallStreetZen was designed to help average investors do more accurate fundamental analysis.
You can see all of the due diligence checks on LYV's stock page.
Is LYV stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge LYV's true value.
Using relative valuations ratios:
- LYV may be overvalued based on its P/E ratio of 64.96x, relative to Entertainment industry P/E ratio of 36.12x
- LYV may be undervalued based on its PEG ratio of 0.38x
You can do more valuation analysis on LYV's stock here.
LYV Financial Health
Pros:
- There are more short-term assets than long-term liabilities on the LYV balance sheet.
- LYV profit margin has gone up from 1.8% to 2.5% in the past year.
Cons:
- LYV earnings of $1.07B is not enough to cover its interest payments.
- Total LYV debt is still negative.
- LYV's operating cash flow of $1.37B allows it to safely service it's debt of $8.44B.
- LYV debt to equity ratio of -1,078.08 is negative.
- There are more short-term liabilities than short-term assets on the LYV balance sheet.
Do Wall Street analysts think it's a good time to buy LYV stock
Out of 8 sell side analysts who give recommendations on LYV, the consensus analyst rating on LYV is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent LYV Analyst Upgrades/Downgrades
Jed Kelly, a bottom 9% analyst from Oppenheimer maintains LYV with a buy rating and raises their LYV price target from $115.00 to $120.00, on Feb 23, 2024.
Currey Baker, a top 18% analyst from Guggenheim maintains LYV with a strong buy rating and raises their LYV price target from $124.00 to $125.00, on Oct 26, 2023.
Ashton Welles, a bottom 46% analyst from Evercore ISI Group upgrades LYV to a buy rating and announces their LYV price target of $100.00, on Oct 26, 2023.
You can dig deeper into what analysts are projecting on the Live Nation Entertainment stock forecast page.
LYV Momentum
How are LYV Revenues/Earnings doing?
Last year, LYV earnings were $563.28M. Over the past one years, LYV's earnings have gone up by 109.09% per year. This was faster than the Entertainment industry average of 11.28%.
Last year, LYV revenue was $22.75B. During the past 5 year, LYV's revenue has increased by 16.09% per year. This was faster than the Entertainment industry average of 14.87%.
Dive into LYV's earnings and revenue performance here.
What are LYV insiders up to?
In the past year, executives and large shareholders at LYV have sold more shares than they have bought.
Michael Rapino, President CEO of LYV, was the latest LYV insider to sell. They sold $6,290,981.18 worth of LYV stock on Apr 10, 2024.
Dig into more about who owns LYV shares here.
Can I rely on LYV as an income stream?
No, Live Nation Entertainment doesn't provide an income stream by paying out dividends.
What others are saying about LYV
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your LYV buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and your broker will place your order.
If you need more help with investing in stocks on eToro, watch the how to video below:
Step 6: Track your LYV position
Now that you own some LYV shares, you'll want to stay up-to-date on your new stock purchase.
Add LYV to a watchlist to track the latest developments regarding your LYV stock.
LYV Feed
How to Buy Stock in Live Nation Entertainment
To summarize, here are the 6 steps you need to take to buy Live Nation Entertainment stock right now:
- Choose where to buy Live Nation Entertainment stock
- Open a brokerage account
- Deposit money your investment account
- Research Live Nation Entertainment stock
- Place your LYV buy order
- Track your LYV position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Live Nation Entertainment, add LYV to your watchlist by clicking the button below.
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