ValueVision Media Coverage Initiated at Lake Street Capital (VVTV)
Equities research analysts at Lake Street Capital began coverage on shares of ValueVision Media (NASDAQ:VVTV) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $9.00 price target on the stock. Lake Street Capital’s price target would indicate a potential upside of 80.36% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of ValueVision Media from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $5.10 price target on the stock.
Shares of ValueVision Media (NASDAQ:VVTV) traded up 4.41% on Tuesday, hitting $5.21. 245,736 shares of the company’s stock traded hands. ValueVision Media has a one year low of $4.11 and a one year high of $7.06. The stock has a 50-day moving average of $4.77 and a 200-day moving average of $5.43. The company’s market cap is $259.7 million.
ValueVision Media (NASDAQ:VVTV) last released its earnings data on Wednesday, May 21st. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. The company had revenue of $160.00 million for the quarter, compared to the consensus estimate of $161.38 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that ValueVision Media will post $0.07 EPS for the current fiscal year.
In other ValueVision Media news, major shareholder Ge Capital Equity Investments sold 941,259 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $4.78, for a total transaction of $4,499,218.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
ValueVision Media, Inc is an interactive multi-media retailer that markets, sells and distributes products to consumers through various digital platforms including television, online, mobile and social media.
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