ValueVision Media Now Covered by Lake Street Capital (VVTV)
Equities researchers at Lake Street Capital started coverage on shares of ValueVision Media (NASDAQ:VVTV) in a research report issued on Tuesday. The firm set a “buy” rating and a $9.00 price target on the stock. Lake Street Capital’s target price indicates a potential upside of 80.36% from the company’s current price.
ValueVision Media (NASDAQ:VVTV) opened at 4.99 on Tuesday. ValueVision Media has a 1-year low of $4.11 and a 1-year high of $7.06. The stock’s 50-day moving average is $4.77 and its 200-day moving average is $5.43. The company’s market cap is $248.7 million.
ValueVision Media (NASDAQ:VVTV) last released its earnings data on Wednesday, May 21st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter 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 in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $4.78, for a total value of $4,499,218.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. ValueVision Media has an average rating of “Buy” and an average price target of $8.03.
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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