Shares of Evine Live Inc. (NASDAQ:EVLV) have received a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have issued a strong buy recommendation on the company.
Analysts have set a one year consensus target price of $2.50 for the company and are anticipating that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Evine Live an industry rank of 87 out of 265 based on the ratings given to related companies.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Evine Live from a “hold” rating to a “strong-buy” rating and set a $2.25 price target on the stock in a research report on Tuesday, July 19th. Maxim Group began 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 bought 45,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were acquired at an average price of $2.21 per share, with a total value of $99,450.00. Following the acquisition, the director now owns 132,575 shares of the company’s stock, valued at approximately $292,990.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.49% of the company’s stock.
A number of hedge funds have recently bought and sold shares of EVLV. Cove Street Capital LLC boosted its position in Evine Live by 23.9% in the second quarter. Cove Street Capital LLC now owns 6,585,260 shares of the company’s stock worth $10,866,000 after buying an additional 1,270,256 shares in the last quarter. Elk Creek Partners LLC boosted its position in Evine Live by 8.8% in the second quarter. Elk Creek Partners LLC now owns 2,150,309 shares of the company’s stock worth $3,548,000 after buying an additional 174,053 shares in the last quarter. Paloma Partners Management Co bought a new position in Evine Live during the second quarter worth approximately $295,000. Diker Management LLC bought a new position in Evine Live during the second quarter worth approximately $638,000. Finally, Clinton Group Inc. boosted its position in Evine Live by 73.6% in the second quarter. Clinton Group Inc. now owns 1,601,246 shares of the company’s stock worth $2,642,000 after buying an additional 678,883 shares in the last quarter. 44.20% of the stock is currently owned by institutional investors and hedge funds.
Evine Live (NASDAQ:EVLV) opened at 2.20 on Friday. The stock’s 50 day moving average is $1.97 and its 200 day moving average is $1.62. The company’s market cap is $126.14 million. Evine Live has a 1-year low of $0.41 and a 1-year 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, beating the 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 analyst estimates of $166.31 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Evine Live will post ($0.14) earnings per share for the current fiscal year.
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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