ValuEngine upgraded shares of EVINE Live (NASDAQ:EVLV) from a hold rating to a buy rating in a research note released on Thursday morning.
Other equities analysts have also issued research reports about the stock. B. Riley set a $1.00 price target on shares of EVINE Live and gave the company a buy rating in a report on Thursday, November 29th. Lake Street Capital decreased their price target on shares of EVINE Live to $1.00 and set a buy rating on the stock in a report on Thursday, November 29th. TheStreet lowered shares of EVINE Live from a c- rating to a d rating in a report on Wednesday, November 28th. Finally, Zacks Investment Research downgraded shares of EVINE Live from a strong-buy rating to a hold rating in a research note on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $1.38.
EVLV stock opened at $0.56 on Thursday. The company has a market capitalization of $32.58 million, a PE ratio of -56.21 and a beta of 2.25. EVINE Live has a 12 month low of $0.37 and a 12 month high of $1.74. The company has a current ratio of 1.82, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.
EVINE Live (NASDAQ:EVLV) last announced its earnings results on Wednesday, November 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.13). EVINE Live had a negative return on equity of 5.87% and a negative net margin of 0.91%. The firm had revenue of $131.71 million for the quarter, compared to analyst estimates of $152.43 million. Equities analysts anticipate that EVINE Live will post -0.1 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in EVINE Live by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after acquiring an additional 76,711 shares in the last quarter. Clinton Group Inc. grew its holdings in EVINE Live by 4.4% during the 3rd quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock worth $1,228,000 after acquiring an additional 45,420 shares in the last quarter. Ancora Advisors LLC grew its holdings in EVINE Live by 26.7% during the 3rd quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock worth $1,326,000 after acquiring an additional 243,072 shares in the last quarter. Renaissance Technologies LLC grew its holdings in EVINE Live by 5.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,945,256 shares of the company’s stock worth $2,393,000 after acquiring an additional 92,100 shares in the last quarter. Finally, Private Capital Advisors Inc. acquired a new position in EVINE Live during the 3rd quarter worth $2,795,000. 38.70% of the stock is owned by institutional investors.
About EVINE Live
EVINE Live Inc operates as a multiplatform interactive digital commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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