EVINE Live Inc to Post Q2 2018 Earnings of ($0.03) Per Share, B. Riley Forecasts (EVLV)
EVINE Live Inc (NASDAQ:EVLV) – Investment analysts at B. Riley lowered their Q2 2018 EPS estimates for EVINE Live in a research note issued on Wednesday. B. Riley analyst E. Wold now forecasts that the company will earn ($0.03) per share for the quarter, down from their previous forecast of ($0.01). B. Riley has a “Buy” rating and a $2.00 price target on the stock. B. Riley also issued estimates for EVINE Live’s Q3 2018 earnings at ($0.03) EPS.
EVINE Live (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.01. EVINE Live had a negative return on equity of 7.31% and a negative net margin of 1.47%. The business had revenue of $156.30 million for the quarter, compared to analyst estimates of $153.59 million. During the same quarter last year, the business earned ($0.09) EPS. EVINE Live’s revenue for the quarter was down 6.4% compared to the same quarter last year.
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Other research analysts have also issued research reports about the stock. Maxim Group reaffirmed a “buy” rating and set a $2.50 price objective on shares of EVINE Live in a research report on Wednesday, March 22nd. Zacks Investment Research lowered shares of EVINE Live from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 12th.
Shares of EVINE Live (NASDAQ:EVLV) traded up 6.90% on Friday, reaching $1.24. The company had a trading volume of 443,012 shares. The company has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.44. The stock’s market capitalization is $75.51 million. EVINE Live has a 52-week low of $1.11 and a 52-week high of $2.40.
A number of hedge funds have recently modified their holdings of EVLV. Geode Capital Management LLC boosted its stake in shares of EVINE Live by 0.4% in the first quarter. Geode Capital Management LLC now owns 312,956 shares of the company’s stock valued at $400,000 after buying an additional 1,344 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of EVINE Live by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,119,077 shares of the company’s stock valued at $2,712,000 after buying an additional 11,049 shares in the last quarter. Royce & Associates LP boosted its stake in shares of EVINE Live by 4.0% in the first quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock valued at $673,000 after buying an additional 20,000 shares in the last quarter. Elk Creek Partners LLC boosted its stake in shares of EVINE Live by 1.2% in the first quarter. Elk Creek Partners LLC now owns 2,067,747 shares of the company’s stock valued at $2,647,000 after buying an additional 24,593 shares in the last quarter. Finally, Teton Advisors Inc. boosted its stake in shares of EVINE Live by 10.4% in the first quarter. Teton Advisors Inc. now owns 319,200 shares of the company’s stock valued at $409,000 after buying an additional 30,000 shares in the last quarter. 40.04% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Jean-Guillaume Sabatier sold 28,713 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $1.30, for a total value of $37,326.90. Following the completion of the transaction, the senior vice president now owns 253,394 shares of the company’s stock, valued at $329,412.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Rosenblatt purchased 86,957 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average cost of $1.15 per share, with a total value of $100,000.55. Following the transaction, the chief executive officer now directly owns 1,135,884 shares of the company’s stock, valued at $1,306,266.60. The disclosure for this purchase can be found here. Corporate insiders own 3.49% 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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