EVINE Live Inc. (EVLV) Rating Increased to Hold at Zacks Investment Research
EVINE Live Inc. (NASDAQ:EVLV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “EVINE Live Inc. is a digital commerce company. It markets, sells, and distributes products to consumers through ShopHQ, a 24-hour television shopping network; and ShopHQ.com, an e-commerce platform, as well as through the company’s mobile application. The Company is focused on new products and brands in fashion, beauty, jewelry, home and fitness. EVINE Live Inc., formerly known as ValueVision Media, Inc., and is headquartered in Eden Prairie, Minnesota. “
EVLV has been the topic of several other reports. ValuEngine raised EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 10th. B. Riley reissued a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a research note on Wednesday, August 16th. Finally, DA Davidson assumed coverage on EVINE Live in a research note on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $2.10.
Shares of EVINE Live (NASDAQ EVLV) remained flat at $1.15 during trading on Tuesday. 487,299 shares of the stock traded hands. EVINE Live has a 52-week low of $0.89 and a 52-week high of $2.28. The firm’s 50 day moving average price is $1.07 and its 200 day moving average price is $1.12. The company’s market capitalization is $75.01 million.
EVINE Live (NASDAQ:EVLV) last issued its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. The firm had revenue of $148.95 million for the quarter, compared to analysts’ expectations of $150.75 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that EVINE Live will post ($0.02) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in EVINE Live by 71.5% during the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock worth $237,000 after acquiring an additional 98,744 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in EVINE Live during the first quarter worth approximately $327,000. Royce & Associates LP increased its stake in EVINE Live by 4.0% during the first quarter. Royce & Associates LP now owns 525,993 shares of the company’s stock worth $673,000 after acquiring an additional 20,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after acquiring an additional 76,100 shares during the last quarter. Finally, Private Capital Advisors Inc. bought a new stake in EVINE Live during the second quarter worth approximately $2,688,000. 34.16% of the stock is currently owned by institutional investors.
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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