EVINE Live Inc (NASDAQ:EVLV) – B. Riley lowered their Q1 2019 earnings estimates for EVINE Live in a note issued to investors on Thursday. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of ($0.03) for the quarter, down from their prior estimate of $0.01. B. Riley currently has a “Buy” rating and a $2.00 target price on the stock. B. Riley also issued estimates for EVINE Live’s FY2019 earnings at $0.01 EPS, Q1 2020 earnings at ($0.02) EPS and FY2020 earnings at $0.05 EPS.
EVINE Live (NASDAQ:EVLV) last issued its earnings results on Wednesday, March 14th. The company reported $0.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.10. The firm had revenue of $192.72 million for the quarter, compared to the consensus estimate of $202.20 million. EVINE Live had a return on equity of 0.38% and a net margin of 0.02%.
Several other research analysts have also weighed in on EVLV. DA Davidson lowered their price objective on EVINE Live from $1.50 to $1.35 and set a “buy” rating for the company in a research report on Friday. Lake Street Capital lowered their price objective on EVINE Live to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 15th. Zacks Investment Research lowered EVINE Live from a “buy” rating to a “hold” rating in a research report on Thursday, March 15th. Finally, ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. EVINE Live has a consensus rating of “Buy” and a consensus target price of $1.97.
Shares of EVINE Live stock traded up $0.01 during trading hours on Monday, reaching $1.01. The company had a trading volume of 89,259 shares, compared to its average volume of 247,649. The company has a market cap of $67.25, a price-to-earnings ratio of -100,000.00, a P/E/G ratio of 4.90 and a beta of 2.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. EVINE Live has a twelve month low of $0.89 and a twelve month high of $1.62.
Several institutional investors and hedge funds have recently modified their holdings of EVLV. Goldman Sachs Group Inc. grew its stake in shares of 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 buying an additional 98,744 shares during the period. Macquarie Group Ltd. acquired a new position in EVINE Live during the 3rd quarter valued at about $251,000. Acadian Asset Management LLC acquired a new position in EVINE Live during the 4th quarter valued at about $112,000. Boston Partners boosted its stake in EVINE Live by 2,345.5% during the 4th quarter. Boston Partners now owns 1,803,140 shares of the company’s stock valued at $2,524,000 after purchasing an additional 1,729,408 shares during the last quarter. Finally, Teton Advisors Inc. boosted its stake in EVINE Live by 13.5% during the 4th quarter. Teton Advisors Inc. now owns 419,200 shares of the company’s stock valued at $587,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors own 38.36% of the company’s stock.
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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.
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