EVINE Live Inc (NASDAQ:EVLV) – Equities researchers at B. Riley cut their FY2019 EPS estimates for shares of EVINE Live in a research note issued to investors on Thursday, November 29th. B. Riley analyst E. Wold now forecasts that the company will post earnings of ($0.08) per share for the year, down from their prior forecast of $0.05. B. Riley currently has a “Buy” rating and a $1.00 price target on the stock. B. Riley also issued estimates for EVINE Live’s Q1 2020 earnings at ($0.02) EPS, Q3 2020 earnings at ($0.06) EPS, FY2020 earnings at $0.02 EPS and FY2021 earnings at $0.06 EPS.
EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings data on Wednesday, November 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.13). EVINE Live had a negative net margin of 0.91% and a negative return on equity of 5.72%. The business had revenue of $131.71 million during the quarter, compared to analyst estimates of $152.43 million.
Other analysts have also issued reports about the company. ValuEngine lowered EVINE Live from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. TheStreet lowered EVINE Live from a “c-” rating to a “d” rating in a report on Wednesday, November 28th. Zacks Investment Research raised EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a report on Friday, August 31st. Finally, Lake Street Capital dropped their price objective on EVINE Live to $1.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.38.
Shares of EVLV opened at $0.60 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.32 and a debt-to-equity ratio of 0.80. EVINE Live has a 12 month low of $0.54 and a 12 month high of $1.74. The company has a market capitalization of $39.80 million, a price-to-earnings ratio of -60.00, a price-to-earnings-growth ratio of 6.67 and a beta of 2.23.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of EVINE Live in the second quarter valued at approximately $290,000. JPMorgan Chase & Co. lifted its position in shares of EVINE Live by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock valued at $311,000 after acquiring an additional 76,711 shares in the last quarter. Balter Liquid Alternatives LLC lifted its position in shares of EVINE Live by 68.1% in the second quarter. Balter Liquid Alternatives LLC now owns 288,401 shares of the company’s stock valued at $369,000 after acquiring an additional 116,836 shares in the last quarter. Clinton Group Inc. lifted its position in shares of EVINE Live by 4.4% in the third quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock valued at $1,228,000 after acquiring an additional 45,420 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of EVINE Live by 26.7% in the third quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock valued at $1,326,000 after acquiring an additional 243,072 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.
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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