EVINE Live Inc (NASDAQ:EVLV) – Research analysts at DA Davidson lowered their Q4 2019 earnings estimates for shares of EVINE Live in a research report issued to clients and investors on Thursday, November 29th. DA Davidson analyst T. Forte now expects that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.05. DA Davidson also issued estimates for EVINE Live’s Q2 2020 earnings at $0.00 EPS and Q4 2020 earnings at $0.03 EPS.
EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings results on Wednesday, November 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.13). EVINE Live had a negative return on equity of 5.72% and a negative net margin of 0.91%. The business had revenue of $131.71 million for the quarter, compared to the consensus estimate of $152.43 million.
A number of other equities research analysts have also issued reports on EVLV. B. Riley raised their price target on EVINE Live from $1.50 to $1.75 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research raised EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Friday, August 31st. ValuEngine lowered EVINE Live from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Lake Street Capital decreased their price target on EVINE Live to $1.00 and set a “buy” rating for the company in a research note on Thursday. Finally, TheStreet lowered EVINE Live from a “c-” rating to a “d” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. EVINE Live has an average rating of “Hold” and an average price target of $1.38.
Shares of EVLV stock opened at $0.69 on Friday. EVINE Live has a 52-week low of $0.54 and a 52-week high of $1.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.03 and a quick ratio of 1.32. The company has a market cap of $43.87 million, a P/E ratio of -68.90, a price-to-earnings-growth ratio of 7.35 and a beta of 2.23.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in EVINE Live during the 2nd quarter worth $290,000. JPMorgan Chase & Co. increased its holdings in EVINE Live by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after purchasing an additional 76,711 shares during the period. Balter Liquid Alternatives LLC increased its holdings in EVINE Live by 68.1% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 288,401 shares of the company’s stock worth $369,000 after purchasing an additional 116,836 shares during the period. Clinton Group Inc. increased its holdings in EVINE Live by 4.4% during the 3rd quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock worth $1,228,000 after purchasing an additional 45,420 shares during the period. Finally, Ancora Advisors LLC increased its holdings in EVINE Live by 26.7% during the 3rd quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock worth $1,326,000 after purchasing an additional 243,072 shares during the period. Institutional investors own 39.38% of the company’s stock.
About EVINE Live
EVINE Live Inc operates as a multiplatform interactive digital commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.
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