ValuEngine upgraded shares of EVINE Live Inc. (NASDAQ:EVLV) from a strong sell rating to a sell rating in a research note released on Tuesday morning.
EVLV has been the topic of a number of other research reports. B. Riley reiterated a buy rating and set a $2.00 target price on shares of EVINE Live in a research report on Wednesday, June 21st. DA Davidson assumed coverage on EVINE Live in a research report on Friday, September 22nd. They set a buy rating and a $1.30 target price on the stock. Finally, Zacks Investment Research lowered EVINE Live from a hold rating to a sell rating in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $2.10.
Shares of EVINE Live (NASDAQ EVLV) remained flat at $1.13 during trading on Tuesday. 2,489 shares of the company were exchanged. The company has a 50 day moving average of $1.03 and a 200 day moving average of $1.13. EVINE Live has a 12 month low of $0.89 and a 12 month high of $2.28. The stock’s market capitalization is $73.70 million.
EVINE Live (NASDAQ:EVLV) last announced its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. The firm had revenue of $148.95 million for the quarter, compared to analyst estimates of $150.75 million. During the same quarter last year, the firm posted ($0.03) EPS. The business’s revenue was down 5.2% on a year-over-year basis. Equities research analysts anticipate that EVINE Live will post ($0.02) earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in EVINE Live by 71.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in EVINE Live in the 1st quarter valued at $327,000. Royce & Associates LP lifted its holdings in EVINE Live by 4.0% in the 1st quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock valued at $673,000 after purchasing an additional 20,000 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in EVINE Live by 8.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock valued at $1,280,000 after purchasing an additional 76,544 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in EVINE Live by 7.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after purchasing an additional 76,100 shares in the last quarter. Institutional investors own 34.16% of the company’s stock.
EVINE Live Company Profile
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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