EVINE Live Inc. (EVLV) Lowered to Strong Sell at ValuEngine
EVINE Live Inc. (NASDAQ:EVLV) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.
A number of other research firms also recently weighed in on EVLV. B. Riley reissued a “buy” rating and set a $2.00 price target on shares of EVINE Live in a research note on Monday, May 29th. Zacks Investment Research raised shares of EVINE Live from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Finally, Maxim Group set a $3.00 price target on shares of EVINE Live and gave the stock a “buy” rating in a research note on Monday, May 15th.
Shares of EVINE Live (EVLV) traded down 1.94% during midday trading on Thursday, hitting $1.01. 188,884 shares of the company’s stock traded hands. The firm’s market capitalization is $65.87 million. EVINE Live has a 1-year low of $0.89 and a 1-year high of $2.40. The company has a 50 day moving average price of $1.03 and a 200 day moving average price of $1.18.
EVINE Live (NASDAQ:EVLV) last posted its quarterly earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The business had revenue of $148.95 million during the quarter, compared to the consensus estimate of $150.75 million. EVINE Live had a negative net margin of 1.08% and a negative return on equity of 8.38%. EVINE Live’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. Equities analysts anticipate that EVINE Live will post ($0.02) earnings per share for the current year.
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In other EVINE Live news, Director Mark Holdsworth purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of $0.99 per share, with a total value of $49,500.00. Following the completion of the purchase, the director now directly owns 216,092 shares in the company, valued at approximately $213,931.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.15% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Capital Advisors Inc. bought a new stake in EVINE Live in the second quarter valued at approximately $2,688,000. Cove Street Capital LLC increased its stake in EVINE Live by 12.1% in the first quarter. Cove Street Capital LLC now owns 7,661,839 shares of the company’s stock valued at $9,807,000 after purchasing an additional 828,847 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in EVINE Live in the first quarter valued at approximately $327,000. Royce & Associates LP increased its stake in EVINE Live by 26.7% in the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after purchasing an additional 140,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in EVINE Live by 71.5% in the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares in the last quarter. 36.54% of the stock is owned by institutional investors and hedge funds.
About EVINE Live
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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