EVINE Live Inc. (EVLV) Upgraded to Sell at ValuEngine
ValuEngine upgraded shares of EVINE Live Inc. (NASDAQ:EVLV) from a strong sell rating to a sell rating in a research note published on Tuesday morning.
Several other equities analysts also recently commented on EVLV. B. Riley reiterated a buy rating and set a $2.00 target price on shares of EVINE Live in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of EVINE Live from a hold rating to a sell rating in a research note on Monday, September 25th. Finally, DA Davidson began coverage on shares of EVINE Live in a research note on Friday, September 22nd. They set a buy rating and a $1.30 target price for the company. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $2.10.
EVINE Live (NASDAQ EVLV) opened at 1.13 on Tuesday. The firm has a 50-day moving average price of $1.03 and a 200-day moving average price of $1.13. EVINE Live has a 52 week low of $0.89 and a 52 week high of $2.28. The company’s market cap is $73.70 million.
EVINE Live (NASDAQ:EVLV) last posted its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). EVINE Live had a negative net margin of 1.08% and a negative return on equity of 8.38%. The firm had revenue of $148.95 million during the quarter, compared to the consensus estimate of $150.75 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts anticipate that EVINE Live will post ($0.02) EPS for the current fiscal year.
In other news, Director Mark Holdsworth purchased 50,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were acquired at an average cost of $0.99 per share, for a total transaction of $49,500.00. Following the completion of the purchase, the director now directly owns 216,092 shares in the company, valued at approximately $213,931.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.15% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its position in EVINE Live by 71.5% during the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock worth $237,000 after buying an additional 98,744 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in EVINE Live during the first quarter worth about $327,000. Royce & Associates LP grew its position in EVINE Live by 4.0% during the first quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock worth $673,000 after buying an additional 20,000 shares during the period. Russell Investments Group Ltd. grew its position in EVINE Live by 8.3% during the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock worth $1,280,000 after buying an additional 76,544 shares during the period. Finally, Renaissance Technologies LLC grew its position in EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after buying an additional 76,100 shares during the period. Institutional investors and hedge funds own 34.16% of the company’s stock.
About EVINE Live
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.
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