ValueVision Media Stock Price Down 6.4% on Disappointing Earnings (VVTV)
Shares of ValueVision Media (NASDAQ:VVTV) traded down 6.4% on Wednesday following a dissappointing earnings announcement, AR Network reports. The stock traded as low as $4.54 and last traded at $4.69, with a volume of 919,034 shares. The stock had previously closed at $5.01.
The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $156.60 million for the quarter. 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 5.4% on a year-over-year basis.
Separately, analysts at Lake Street Capital initiated coverage on shares of ValueVision Media in a research note on Tuesday, July 1st. They set a “buy” rating and a $9.00 price target on the stock.
The stock has a 50-day moving average of $4.74 and a 200-day moving average of $5.00. The company’s market cap is $233.8 million.
ValueVision Media, Inc is a multichannel electronic retailer that markets, sells and distributes products to consumers through television, telephones, online, mobile and social media.
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