B. Riley Reiterates “$2.00” Price Target for EVINE Live Inc. (EVLV)
EVINE Live Inc. (NASDAQ:EVLV) has been given a $2.00 price target by investment analysts at B. Riley in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 75.44% from the stock’s current price.
A number of other analysts have also weighed in on EVLV. ValuEngine lowered EVINE Live from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 7th. DA Davidson initiated coverage on EVINE Live in a research note on Friday, September 22nd. They issued a “buy” rating and a $1.30 target price on the stock. Finally, Zacks Investment Research lowered EVINE Live from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.10.
Shares of EVINE Live (NASDAQ EVLV) traded down 0.87% on Thursday, hitting $1.14. 1,008,361 shares of the company traded hands. The stock’s market capitalization is $74.36 million. EVINE Live has a 1-year low of $0.89 and a 1-year high of $2.28. The firm’s 50 day moving average price is $1.06 and its 200-day moving average price is $1.12.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. The business had revenue of $148.95 million for the quarter, compared to analyst estimates of $150.75 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that EVINE Live will post ($0.02) earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in EVLV. 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 worth $237,000 after purchasing an additional 98,744 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of EVINE Live during the first quarter valued at $327,000. Royce & Associates LP increased its stake in shares of EVINE Live by 26.7% during the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after buying an additional 140,400 shares during the period. Russell Investments Group Ltd. increased its stake in shares of EVINE Live by 8.3% during the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock valued at $1,280,000 after buying an additional 76,544 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after buying an additional 76,100 shares during the period. Institutional investors and hedge funds own 34.16% 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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