EVINE Live (NASDAQ:EVLV) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Several other analysts have also weighed in on EVLV. B. Riley set a $2.00 price objective on shares of EVINE Live and gave the stock a “buy” rating in a report on Thursday, October 19th. DA Davidson started coverage on shares of EVINE Live in a report on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. Finally, Zacks Investment Research lowered shares of EVINE Live from a “hold” rating to a “sell” rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. EVINE Live presently has an average rating of “Buy” and an average price target of $1.95.

EVINE Live (NASDAQ:EVLV) traded up $0.02 during mid-day trading on Friday, reaching $1.47. 250,755 shares of the company’s stock were exchanged, compared to its average volume of 774,048. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.00 and a quick ratio of 1.27. EVINE Live has a one year low of $0.89 and a one year high of $1.86.

EVINE Live (NASDAQ:EVLV) last released its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.28%. The business had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. During the same quarter last year, the company earned ($0.06) earnings per share. The firm’s revenue was down .9% on a year-over-year basis. equities analysts anticipate that EVINE Live will post 0.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of 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 buying an additional 98,744 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of EVINE Live during the third quarter worth approximately $251,000. Teton Advisors Inc. increased its holdings in shares of EVINE Live by 15.7% during the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after buying an additional 50,000 shares in the last quarter. Royce & Associates LP increased its holdings 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 worth $666,000 after buying an additional 140,400 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of EVINE Live by 7.0% in the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after purchasing an additional 76,100 shares in the last quarter. 33.35% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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