Zacks: EVINE Live Inc (EVLV) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of EVINE Live Inc (NASDAQ:EVLV) have received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $2.17 for the company and are anticipating that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also given EVINE Live an industry rank of 196 out of 265 based on the ratings given to its competitors.

Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of EVINE Live from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. DA Davidson initiated coverage on shares of EVINE Live in a research note on Friday, September 22nd. They set a “buy” rating and a $1.30 price target for the company. Finally, B. Riley set a $2.00 price target on shares of EVINE Live and gave the stock a “buy” rating in a research note on Thursday, October 19th.

In other EVINE Live news, Director Mark Holdsworth purchased 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $1.50 per share, for a total transaction of $112,500.00. Following the purchase, the director now directly owns 266,092 shares in the company, valued at $399,138. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Rosenblatt purchased 33,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of $1.48 per share, with a total value of $49,432.00. Following the purchase, the chief executive officer now owns 1,169,284 shares in the company, valued at $1,730,540.32. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 118,400 shares of company stock valued at $176,732. 4.15% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Royce & Associates LP boosted its stake in EVINE Live by 26.7% during the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock worth $666,000 after purchasing an additional 140,400 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of EVINE Live in the 3rd quarter worth $251,000. Teton Advisors Inc. lifted its stake in shares of EVINE Live by 15.7% in the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after acquiring an additional 50,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of EVINE Live by 71.5% in the 2nd 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 period. Hedge funds and other institutional investors own 33.30% of the company’s stock.

Shares of EVINE Live (NASDAQ:EVLV) traded up $0.03 during trading on Thursday, hitting $1.47. 147,674 shares of the stock traded hands, compared to its average volume of 201,533. EVINE Live has a fifty-two week low of $0.89 and a fifty-two week high of $1.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. The firm has a market cap of $96.26, a PE ratio of -21.00, a price-to-earnings-growth ratio of 71.00 and a beta of 3.38.

EVINE Live (NASDAQ:EVLV) last issued its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the 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 5.30%. The business had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. analysts expect that EVINE Live will post 0.01 earnings per share for the current year.

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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.

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