EVINE Live (EVLV) Upgraded to “Buy” at Zacks Investment Research

EVINE Live (NASDAQ:EVLV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $1.50 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 26.05% from the stock’s current price.

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. “

Several other analysts have also recently issued reports on EVLV. B. Riley reissued a “buy” rating and issued a $2.00 target price on shares of EVINE Live in a research note on Wednesday, November 22nd. ValuEngine raised EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. EVINE Live has an average rating of “Buy” and a consensus price target of $1.95.

Shares of EVINE Live (NASDAQ:EVLV) traded down $0.06 during trading hours on Monday, hitting $1.19. The stock had a trading volume of 509,042 shares, compared to its average volume of 184,722. The company has a quick ratio of 1.13, a current ratio of 1.90 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $77.66, a PE ratio of -17.00, a P/E/G ratio of 4.17 and a beta of 2.73. EVINE Live has a 52-week low of $0.89 and a 52-week high of $1.62.

In other EVINE Live news, Director Mark Holdsworth bought 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average cost of $1.50 per share, with a total value of $112,500.00. Following the completion of the purchase, the director now directly owns 266,092 shares of the company’s stock, valued at $399,138. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 81,000 shares of company stock worth $121,140 over the last three months. 4.15% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in EVINE Live during the 4th quarter valued at approximately $112,000. Goldman Sachs Group Inc. boosted its position in EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after acquiring an additional 98,744 shares in the last quarter. Deutsche Bank AG bought a new stake in EVINE Live during the 4th quarter valued at approximately $249,000. Macquarie Group Ltd. bought a new stake in EVINE Live during the 3rd quarter valued at approximately $251,000. Finally, Millennium Management LLC boosted its position in EVINE Live by 338.1% during the 4th quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock valued at $369,000 after acquiring an additional 203,464 shares in the last quarter. 38.36% of the stock is currently owned by institutional investors and hedge funds.

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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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