Evine Live Inc. (EVLV) Coverage Initiated by Analysts at B. Riley
Stock analysts at B. Riley initiated coverage on shares of Evine Live Inc. (NASDAQ:EVLV) in a research note issued to investors on Monday. The firm set a “buy” rating and a $3.50 price target on the stock. B. Riley’s price target points to a potential upside of 75.00% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.25 price target on the stock in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Evine Live presently has a consensus rating of “Hold” and a consensus price target of $2.81.
Shares of Evine Live (NASDAQ:EVLV) opened at 2.00 on Monday. The stock’s market capitalization is $114.67 million. Evine Live has a one year low of $0.41 and a one year high of $3.17. The firm has a 50-day moving average of $2.08 and a 200 day moving average of $1.69.
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Evine Live (NASDAQ:EVLV) last announced its quarterly earnings results on Wednesday, August 24th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $157 million for the quarter, compared to analysts’ expectations of $166.31 million. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, equities research analysts predict that Evine Live will post ($0.14) EPS for the current year.
In other Evine Live news, Director Landel C. Hobbs bought 45,000 shares of Evine Live stock in a transaction dated Monday, September 19th. The shares were purchased at an average cost of $2.21 per share, for a total transaction of $99,450.00. Following the acquisition, the director now directly owns 132,575 shares in the company, valued at approximately $292,990.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Michael Arthur Henry bought 14,500 shares of Evine Live stock in a transaction dated Friday, October 14th. The stock was acquired at an average price of $2.14 per share, for a total transaction of $31,030.00. Following the completion of the acquisition, the chief marketing officer now owns 52,916 shares in the company, valued at $113,240.24. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in Evine Live by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,357,987 shares of the company’s stock worth $1,589,000 after buying an additional 5,196 shares during the period. Teton Advisors Inc. increased its stake in Evine Live by 4.2% in the second quarter. Teton Advisors Inc. now owns 249,200 shares of the company’s stock worth $411,000 after buying an additional 10,000 shares during the period. BlackRock Fund Advisors increased its stake in Evine Live by 1.9% in the first quarter. BlackRock Fund Advisors now owns 1,232,543 shares of the company’s stock worth $1,442,000 after buying an additional 23,242 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Evine Live by 5.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 897,100 shares of the company’s stock worth $1,597,000 after buying an additional 43,500 shares during the period. Finally, Russell Frank Co increased its stake in Evine Live by 7.5% in the fourth quarter. Russell Frank Co now owns 1,004,956 shares of the company’s stock worth $1,799,000 after buying an additional 70,000 shares during the period. Hedge funds and other institutional investors own 44.20% of the company’s stock.
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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