Zacks Investment Research downgraded shares of EVINE Live (NASDAQ:EVLV) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “EVINE Live Inc. is a digital commerce company. It markets, sells, and distributes products to consumers through ShopHQ, a 24-hour television shopping network; and ShopHQ.com, an e-commerce platform, as well as through the company’s mobile application. The Company is focused on new products and brands in fashion, beauty, jewelry, home and fitness. EVINE Live Inc., formerly known as ValueVision Media, Inc., and is headquartered in Eden Prairie, Minnesota. “

A number of other brokerages also recently issued reports on EVLV. ValuEngine upgraded shares of EVINE Live from a strong sell rating to a sell rating in a report on Tuesday, October 10th. B. Riley reiterated a buy rating and issued a $2.00 price target on shares of EVINE Live in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $1.95.

Shares of EVINE Live (NASDAQ EVLV) traded up $0.03 on Tuesday, hitting $1.37. 171,100 shares of the stock were exchanged, compared to its average volume of 266,987. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.90 and a quick ratio of 1.13. The stock has a market cap of $87.45, a P/E ratio of -19.57, a PEG ratio of 67.00 and a beta of 3.39. EVINE Live has a 1-year low of $0.89 and a 1-year high of $1.62.

EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings results 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 business had revenue of $150.20 million during the quarter, compared to the consensus estimate of $154.80 million. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.30%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) EPS. equities analysts forecast that EVINE Live will post 0.01 EPS for the current fiscal year.

In other EVINE Live news, CEO Robert Rosenblatt bought 33,400 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $1.48 per share, for a total transaction of $49,432.00. Following the acquisition, the chief executive officer now owns 1,169,284 shares of the company’s stock, valued at approximately $1,730,540.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Holdsworth bought 75,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were acquired at an average price of $1.50 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now directly owns 266,092 shares in the company, valued at approximately $399,138. The disclosure for this purchase can be found here. Insiders bought a total of 124,400 shares of company stock valued at $185,372 in the last quarter. Insiders own 4.15% of the company’s stock.

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in EVINE Live during the 4th quarter valued at about $112,000. Goldman Sachs Group Inc. increased its holdings in EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after acquiring an additional 98,744 shares in the last quarter. Macquarie Group Ltd. purchased a new position in EVINE Live during the 3rd quarter valued at about $251,000. Finally, Teton Advisors Inc. increased its holdings in EVINE Live by 15.7% during the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after acquiring an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 30.39% of the company’s stock.

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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.

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