LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive" or the"Company"), a global digital media company focused on live entertainment, announced today streaming metrics and views from its hosted 'Music Lives' nonstop live streamed music festival featuring 100+ artists held from Friday, April 17 through Sunday, April 19, 2020. The festival was sponsored by TikTok and Facebook's Oculus Venues (Nasdaq: FB), a virtual reality company.

The possibility of a breakout, and the chance to reap rewards, may be closer than we think. Writing from JPMorgan, quant analyst Marko Kolanovic sees the main chance turning toward a 2H20 economic recovery and new market records by 1H21. He bases his stance on new data showing that the COVID-19 pandemic may have already peaked, and that the worst-case scenario is unlikely to come about. With that in mind, the Fed’s stimulus and Congress’ monetary aid will be more important factors than poor earnings in the first half of this year. He states, “The combined suppression of the risk-free rate and credit spreads by the Fed likely has a bigger positive impact on equity valuation, compared with the negative impact of the temporary earnings loss.”It’s a situation that gives investors an incentive to buy. We’re not in a true bull market – not by a long shot – but the recent bear has pushed prices down and the current rally is opening up the prospects of gains. All that remains is finding the right stocks to buy.And this brings us to penny stocks, those low-cost equities priced below $5 per share – are a high-stakes opportunity with upsides that frequently approach several hundred percent and a low enough cost of entry to mitigate the attendant risk. These companies are priced low for a reason, but for those that break out, the rewards are tremendous. We’ve opened up the TipRanks database to find three Strong Buy penny stocks with upwards of 70% upside potential. These are companies that Wall Street’s analyst corps sees as ready to jump.LiveXLive Media (LIVX)We’ll start with a player in the digital media industry, a niche that is almost certain to see gains as the lockdowns and shutdowns drag on and people seek out entertainment available from their homes. LiveXLive operates music and video streaming platforms, taking live entertainment online. The company delivers livestreams, music on-demand, digital audio, and even a live social music network.Since the second quarter 2019, LIVX’s quarterly earnings, while still showing net losses, have been improving, with smaller losses sequentially. The fiscal Q3 results, at minus 15 cents, beat the forecast by 2 cents, and the fiscal Q4 results, covering the first quarter of 2020, is projected at a net loss of 16 cents, a 15% gain year-over-year.With a price tag of $1.74 per share, analysts believe that now is the time to pull the trigger.Covering the company for Roth Capital, analyst David Bain writes of LiveXLive: “We believe the current COVID-19 environment accelerates LIVX’s roadmap to profitability and more acutely positions LIVX as the number one digital broadcaster of live music… As the top-digital live music broadcaster, we believe LIVX is contracting with multiple touch-points, rapidly filling the content funnel at little to no cost. At the same time, distributors, social, pay and VOD, TVOD, AVOD and emerging global distribution verticals are facing a strong need for unique music channels/content, particularly in the at-home consumer setting.”It is no surprise that Bain reiterates his Buy rating on this stock, nor that his $6.50 price target suggests a robust 230% upside potential for the coming year. (To watch Bain’s track record, click here)Small cap stocks like LiveXLive typically get fewer analyst reviews than the corporate giants, but the consensus of the analysts who look at LIVX is a Strong Buy – and it is unanimous. All three recent reviews have rated the stock a Buy. The average price target is $4.67 and implies nearly 170% upside from current levels. (See LiveXLive stock analysis on TipRanks)Mohawk Group Holdings (MWK)Next up is Mohawk, a micro-cap company in the consumer tech industry. Mohawk’s AI system analyzes real-time shopping data to determine what customers want for and from in-home items such as kitchen sets, beauty products, appliances, and other homewares, and uses that information to guide product development, production, and shipping. It’s a unique, data-centered take on the consumer economy.A measure of the company’s fundamental soundness can be seen in the preliminary Q1 announcement, indicating that first quarter revenue will come in the range of $25 to $26 million. That result, while flat sequentially, will demonstrate 43% year-over-year growth, a strong result during a quarter full of economic, especially retail, disruptions.Mohawk shares have surged 32% in just the last month, but at $2.23 apiece, several analysts believe this stock is still undervalued.Allen Klee, reviewing Mohawk for National Securities, believes that MWK shares are undervalued currently, writing, “MWK [has] significantly faster growth rates than traditional CPG Companies. We could also argue that MWK can be viewed as blend of CPG and a software/machine learning company where comps for latter trade at even higher multiples. We believe the pullback in the stock is not warranted as fundamentals remain solid and the company is positioned to outperform in current difficult economy.”Klee reiterates his Buy rating on the stock, and raises his price target to $9.00, showing his confidence and implying a truly impressive upside potential here of 304%. (To watch Klee’s track record, click here)Mohawk is our second stock with a unanimous Strong Buy consensus rating, also based on 3 Buy reviews. Mohawk will no longer be a penny stock, if the average price target of $9.00 will be reached over the next year. (See Mohawk stock analysis at TipRanks)Lantronix (LTRX)Just as the internet and wireless networking have changed the way we communicate, so the Internet of Things (IoT) is changing the way we interact with our physical environment. IoT has been gaining traction in industry for the past several years, and companies like Lantronix, that service the growing niche, have a path forward. Lantronix is a designer and developer of network device servers, optimized for the access, control, configuration, and management of IoT protocols.In its fiscal Q2, covering the final calendar quarter of 2019, LTRX showed a considerable gain in revenue, growing 9% year-over-year and 4% sequentially to reach $13.2 million. GAAP EPS came in at a net loss, of 6 cents, which compared favorably to the 11-cent loss of the previous quarter. The company expects growth to continue, and even with current conditions and supply chain disruptions, is guiding toward $15 to $17 million in fiscal Q3 revenue. At the midpoint, this is down 11% from previous guidance but still expects 21% sequential growth.5-star analyst Scott Searle, from Roth Capital, is bullish on IoT, and sees LTRX as a strong play in the field. He says of the company performance during the current downturn, “Importantly… end market demand appears to be healthy and the pipeline of opportunities continues to grow; including a new video conferencing customer who continues to increase orders.”At the bottom line, Searle writes, “Lantronix is accelerating integration and cost reduction... While we are slightly lowering our near-term expectations, our CY21 estimates remain largely untouched… [we] would use current weakness as an entry point.”Searle's Buy position is backed by a $6 price target that indicates a 111% upside potential. (To watch Searle’s track record, click here)Three is our lucky number today. Lantronix is the third stock on our list, the third with a Strong Buy consensus rating, and the third to base that rating unanimously on three Buy reviews. The stock is priced at just $2.84, and the $5 average price target shows room for an 76% upside potential in the next 12 months. (See Lantronix stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, and PodcastOne, a leading subscription and advertiser-supported podcast network, announced today a first-of-its-kind live streamed and video podcast format combining stand-up comedy with musical performances in collaboration with Adam Carolla -- a Guiness World Record holder for "most downloaded podcast".

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive" or the "Company"), a global digital media company focused on live entertainment, announced today that it will stream Elvis Duran's 'Stay At Home Ball' featuring 50+ appearances and performances on Friday, April 24th from 8-11 p.m. ET/5-8 p.m. PT benefiting Project C.U.R.E. After the success of LiveXLive's 'Music Lives' 48-hour nonstop global music digital festival and its co-stream of Global Citizen and World Health Organization's "One World: Together At Home" special LiveXLive has become a must-stop for partners looking to live stream mini-festivals. The company continues the momentum by partnering with iHeartMedia and Elvis Duran to bring an all-star roster of performers to LiveXLive's streaming platform for fans across the globe.

LiveXLive Media, Inc. (NASDAQ: LIVX), a global digital media company focused on live entertainment, today announced that senior management will present to the investment community at the following conference:

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, and iHeartMedia (NASDAQ: IHRT) announced today a multiyear extension through 2022 of the livestream partnership which includes more than 25 iHeartRadio festivals and theater shows annually and the addition of five new shows – the iHeartRadio Podcast Awards, the 98.7 ALT Summer Camp, the iHeartCountry Veteran's Day event and iHeartRadio's CES event. The extended agreement also includes LiveXLive's exclusive distribution on its platform of two more of iHeartMedia's top annual events – the iHeartRadio Music Festival and iHeartRadio Jingle Ball -- to international audiences.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today its launch into pay-per-view (PPV) live stream performances and events. LiveXLive's Pay-Per-View (PPV) initiative will drive a new revenue-sharing model for both artists and LiveXLive via digital ticket sales, fan tipping, digital meet and greets, merchandise sales and sponsorship, enabling artists to go direct-to-consumer using LiveXLive's PPV platform.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that it has partnered with One Earth Live on its two-day global conscious lifestyle festival that aims to unify all under the banner of positivity. Artists, speakers, and world-renowned musicians like John Butler, Michael Franti, Nahko, Trevor Hall, FINK, Mike Love, Rising Appalachia, and Krishna Das will be headlining the virtual festival which will take place on May 23-24th.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, has been recognized as one of the top 10 "Best Online Music Streaming Services for 2020" by PC Mag and named the 'Best for Curated Channels.' The recognition puts LiveXLive alongside other music streaming notables like Amazon Music, Apple Music, SiriusXM, Spotify and YouTube Music, which were each listed on PC Mag's power list.

Click here to read the full article. Music livestreamer LiveXLive is diversifying its business with the acquisition of PodcastOne, a podcast network that hosts shows by Adam Carolla, "Stone Cold" Steve Austin, Shaquille O'Neal and others, in an all-stock deal valued at about $18 million.Under the deal, LiveXLive -- which to date has been a money-losing venture and last month received relief funding under the U.S.'s CARES Act -- is acquiring Courtside Group, owner and operator of PodcastOne, in stock worth $18.1 million based on LiveXLive’s closing share price on May 7. The proposed acquisition is expected to close by June 2020, subject to certain closing conditions.PodcastOne produces more than 350 ad-supported podcast episodes per week and generates over 2 billion downloads on an annual basis. Shows in its lineup include those from Adam Carolla, Shaquille O’Neal, A&E’s "Cold Case Files," Steve Austin, Tip “T.I.” Harris, Dr. Drew Pinsky, Heather and Terry Dubrow, Chael Sonnen, Kaitlyn Bristowe, LadyGang, Mike Tyson, Rich Eisen, Spencer and Heidi Pratt, Autumn Calabrese, Demi Burnett, and Gals on the Go.According to the companies, PodcastOne recorded gross revenue of $27.5 million in 2019. The two L.A.-based companies will consolidate their teams to bring total combined headcount to over 120 full-time employees.“We’re excited to expand our business into the fast-growing podcast category, complementing our music platform of streaming audio, on-demand video and live event performances," Rob Ellin, chairman and CEO of LiveXLive, said in announcing the deal.PodcastOne was founded in 2013 by Norman Pattiz, who previously founded radio network Westwood One. Broadcasting company Hubbard Radio owns a 30% stake in PodcastOne, with the remainder primarily owned by Pattiz.Under the terms of the deal, Pattiz will join LiveXLive as chairman of LiveXLive’s podcast subsidiary. He will become a "significant shareholder" of LiveXLive, according to the companies. "I look forward to working with Rob Ellin to close the acquisition and achieve the growth we both envision," Pattiz said.LiveXLive plans to integrate PodcastOne into its music platform. According to Ellin, LiveXLive and PodcastOne together will have a "significant opportunity" to cross-sell and cross-promote across their respective audiences and advertisers, as well as "provide our collective artists and on-air talent with an expanded platform to increase their social media and online presence."LiveXLive, for its fiscal year ended March 31, said it expected revenue between $38 million-$40 million, adjusted operating loss between $12 million-$14 million. The company plans to report FY20 results in June. For the nine months ended Dec. 31, 2019, LiveXLive posted revenue of $28.8 million and a net loss of $30.4 million, per its unaudited statement. It ended the year with about $14 million in cash on hand.In early April, the company's senior management, including Ellin, agreed to a 50% salary cut and to forego any cash bonuses they have been eligible to receive. In addition, other LiveXLive employees will receive 10%-25% reductions in their monthly base salaries. The company "continues to evaluate its business and operations as they evolve in light of the Covid-19 uncertain environment," LiveXLive said in an April 13 filing with the SEC.Separately, on April 13, 2020, LiveXLive received a $2 million loan from MidFirst Bank, under the Paycheck Protection Program (PPP) of the federal government's emergency CARES Act.For its 2020 fiscal year, LiveXLive said it delivered livestreams for about 40 live festivals and concerts, including Rock in Rio, EDC Las Vegas, and the Montreux Jazz Festival. LiveXLive has already streamed performances by more than 775 artists to date in 2020 as compared with 300 artists in total for 2019.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive" or the "Company"), a global digital media company focused on live entertainment, announced today that it has partnered with 'Altísimo Live! Pop Culture and Music Festival' on Cinco de Mayo to benefit Farmaid Relief COVID-19 Relief Fund which was created by Justice for Migrant Women and Hispanics In Philanthropy. Kicking off the tailgate at 1 pm EDT/10am PDT, LiveXLive will simulcast the special event across its platform and app, social media channels and its OTT channels on Amazon, Apple TV, Roku and Samsung TVs, desktop and mobile/tablet. Viewers can tune into the event, chat and mash by visiting the LiveXLive Events Page.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today it has partnered with global superstar, producer and DJ, Kyrre Gørvell-Dahll – a.k.a Kygo -- to livestream his virtual Golden Hour Festival from around the world on May 29, 2020 at 4 p.m. ET / 1 p.m. PT/ 10 p.m. CT. The live stream, powered by LiveXLive, will air on the LiveXLive platform, app and YouTube, as well as Kygo's YouTube and other social media channels on Twitch, TikTok and Facebook.

In this article we will take a look at whether hedge funds think LiveXLive Media, Inc. (NASDAQ:LIVX) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that it has teamed with Grammy award-winning rapper and singer-songwriter Nelly and American R&B; singer-songwriter Jeremih to kick off LiveXLive's new Artist Ambassador Program. These two artists have a combined reach of over 34.6 million followers on social media platforms.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that it has signed a definitive agreement to acquire Courtside Group, Inc., the owner and operator of PodcastOne, a leading subscription and advertiser-supported podcast network home to popular and star-studded podcasts across top genres including sports, comedy, celebrity culture and entertainment, in an all stock deal. The transaction is valued at $18.1 million based on LiveXLive's closing price on May 7, 2020. The proposed acquisition is expected to close by June 2020, subject to certain closing conditions.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive" or the "Company"), a global digital media company focused on live entertainment, today announced that it has partnered with UNITE as a live streaming partner for the 24-hour global event, "The Call to Unite", starting Friday, May 1, 2020 at 8 p.m. ET / 5 p.m PT. LiveXLive will simulcast the special event across its platform and its OTT channels on Amazon, Apple TV, Roku and Samsung TVs, desktop and mobile/tablet. Viewers can tune into the event, chat and mash by visiting the LiveXLive Events Page.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that Facebook's Oculus Venues (NASDAQ: FB) and Complex Media have been added as new streaming partners for LiveXLive's "Music Lives" global digital music festival taking place on April 17 - 19, 2020, starting at 4:00 p.m. PT / 7:00 p.m. ET.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that it has partnered with Robin Hood and iHeartMedia for "Rise Up New York" relief benefit on Monday, May 11 at 7 PM ET to raise awareness and funds to help New Yorkers whose lives have been dramatically impacted by COVID-19. The show will bring together New York City's biggest musicians, actors, chefs and more.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that it has partnered with Global Dance Festival to live stream a 2-day online music festival, with 12 hours of music on each day, taking place from 2 p.m. ET / 11 a.m. PT - 2 a.m. ET/ 11 p.m. PT on both Saturday, May 9th and Sunday, May 10th, 2020. This is the first-ever digital edition of Global Dance Festival, one of the most beloved dance music festivals out of Colorado.

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive" or the "Company"), a global digital media company focused on live entertainment, announced today the launch of "Music Lives ON," after the enormous success of Music Lives; the 48-hour non-stop global music festival garnered 50 million views, reaching an average of over 200K concurrents across LiveXLive-supported platforms, including the custom Music Lives radio station, and musiclives received 3.7 billion video views on TikTok.