EVINE Live Inc (NASDAQ:EVLV) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Friday. The firm currently has a $1.50 target price on the stock. Zacks Investment Research’s target price suggests a potential upside of 11.11% from the stock’s previous close.
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. “
A number of other equities research analysts also recently weighed in on the company. Maxim Group restated a “buy” rating and set a $2.50 target price on shares of EVINE Live in a research report on Wednesday, March 22nd. B. Riley restated a “buy” rating and set a $3.25 target price on shares of EVINE Live in a research report on Tuesday, January 3rd.
EVINE Live (NASDAQ:EVLV) traded up 2.27% on Friday, hitting $1.35. 53,518 shares of the stock traded hands. EVINE Live has a 12-month low of $0.98 and a 12-month high of $2.40. The firm’s 50-day moving average price is $1.31 and its 200-day moving average price is $1.58. The stock’s market cap is $82.20 million.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Wednesday, March 22nd. The company reported $0.03 earnings per share for the quarter. The company earned $190.50 million during the quarter, compared to the consensus estimate of $200.52 million. EVINE Live had a negative return on equity of 7.31% and a negative net margin of 1.47%. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, equities research analysts anticipate that EVINE Live will post $0.02 EPS for the current fiscal year.
In other EVINE Live news, SVP Jean-Guillaume Sabatier sold 28,713 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $1.30, for a total value of $37,326.90. Following the completion of the transaction, the senior vice president now directly owns 253,394 shares of the company’s stock, valued at $329,412.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Comcast sold 4,400,000 shares of the business’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $1.12, for a total value of $4,928,000.00. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Clinton Group Inc. boosted its position in EVINE Live by 19.1% in the third quarter. Clinton Group Inc. now owns 1,907,642 shares of the company’s stock valued at $4,369,000 after buying an additional 306,396 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in EVINE Live during the fourth quarter valued at $1,404,000. Royce & Associates LP boosted its position in EVINE Live by 114.4% in the fourth quarter. Royce & Associates LP now owns 505,993 shares of the company’s stock valued at $759,000 after buying an additional 270,000 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in EVINE Live during the third quarter valued at $298,000. Finally, Teton Advisors Inc. boosted its position in EVINE Live by 16.1% in the fourth quarter. Teton Advisors Inc. now owns 289,200 shares of the company’s stock valued at $434,000 after buying an additional 40,000 shares in the last quarter. 40.04% of the stock is owned by institutional investors.
About EVINE Live
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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