Emerald Acquisition Ltd. bought a new stake in Evine Live Inc. (NASDAQ:EVLV) during the second quarter, Holdings Channel reports. The firm bought 1,004,956 shares of the company’s stock, valued at approximately $1,658,000. Emerald Acquisition Ltd. owned about 1.76% of Evine Live at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Evine Live by 202.9% in the first quarter. Renaissance Technologies LLC now owns 880,156 shares of the company’s stock valued at $1,030,000 after buying an additional 589,600 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Evine Live by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,357,987 shares of the company’s stock valued at $1,589,000 after buying an additional 5,196 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Evine Live by 1.9% in the first quarter. BlackRock Fund Advisors now owns 1,232,543 shares of the company’s stock valued at $1,442,000 after buying an additional 23,242 shares during the last quarter. Institutional investors own 44.20% of the company’s stock.
Evine Live Inc. (NASDAQ:EVLV) traded down 0.90% during mid-day trading on Tuesday, hitting $2.19. 82,567 shares of the stock traded hands. The stock has a 50 day moving average price of $1.96 and a 200 day moving average price of $1.61. The firm’s market cap is $125.56 million. Evine Live Inc. has a 12-month low of $0.41 and a 12-month high of $3.17.
Evine Live (NASDAQ:EVLV) last posted its quarterly earnings results on Wednesday, August 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.01. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The company had revenue of $157 million for the quarter, compared to the consensus estimate of $166.31 million. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. On average, analysts expect that Evine Live Inc. will post ($0.14) earnings per share for the current fiscal year.
Several brokerages have weighed in on EVLV. Zacks Investment Research lowered shares of Evine Live from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Maxim Group started coverage on shares of Evine Live in a research report on Thursday, June 9th. They issued a “buy” rating and a $2.50 price target on the stock.
In other news, Director Landel C. Hobbs acquired 45,000 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were purchased at an average cost of $2.21 per share, for a total transaction of $99,450.00. Following the transaction, the director now directly owns 132,575 shares in the company, valued at approximately $292,990.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.49% of the stock is currently owned by corporate insiders.
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.
Want to see what other hedge funds are holding EVLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evine Live Inc. (NASDAQ:EVLV).
Receive News & Ratings for Evine Live Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evine Live Inc. and related companies with MarketBeat.com's FREE daily email newsletter.