ValuEngine Upgrades EVINE Live (EVLV) to Sell
ValuEngine upgraded shares of EVINE Live (NASDAQ:EVLV) from a strong sell rating to a sell rating in a report issued on Friday morning.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised EVINE Live from a hold rating to a buy rating and set a $1.50 price objective for the company in a report on Thursday, November 23rd. B. Riley reissued a buy rating and set a $2.00 price objective on shares of EVINE Live in a report on Wednesday, November 22nd. Finally, DA Davidson assumed coverage on EVINE Live in a report on Friday, September 22nd. They set a buy rating and a $1.30 price objective for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $1.95.
EVINE Live (EVLV) opened at $1.50 on Friday. EVINE Live has a twelve month low of $0.89 and a twelve month high of $1.86. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 0.96.
EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. EVINE Live had a negative return on equity of 5.28% and a negative net margin of 0.66%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned ($0.06) earnings per share. sell-side analysts anticipate that EVINE Live will post 0.01 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP raised its holdings in shares of EVINE Live by 26.7% in the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after buying an additional 140,400 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of EVINE Live by 7.0% in the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after buying an additional 76,100 shares during the last quarter. Teton Advisors Inc. raised its holdings in shares of EVINE Live by 15.7% in the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after buying an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of EVINE Live by 71.5% in the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after buying an additional 98,744 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of EVINE Live in the third quarter valued at about $251,000. 33.35% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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