Evine Live Inc. (NASDAQ:EVLV) CMO Michael Arthur Henry purchased 14,500 shares of Evine Live stock in a transaction on Friday, October 14th. The stock was purchased at an average price of $2.14 per share, for a total transaction of $31,030.00. Following the completion of the transaction, the chief marketing officer now owns 52,916 shares of the company’s stock, valued at $113,240.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Evine Live Inc. (NASDAQ:EVLV) opened at 2.06 on Wednesday. The firm’s market capitalization is $118.11 million. Evine Live Inc. has a 12 month low of $0.41 and a 12 month high of $3.17. The stock’s 50 day moving average is $2.07 and its 200-day moving average is $1.70.
Evine Live (NASDAQ:EVLV) last issued its quarterly earnings data on Wednesday, August 24th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The company had revenue of $157 million for the quarter, compared to analyst estimates of $166.31 million. Evine Live had a negative net margin of 1.64% and a negative return on equity of 9.79%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. Equities analysts anticipate that Evine Live Inc. will post ($0.14) earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new position in Evine Live during the second quarter worth approximately $1,658,000. Renaissance Technologies LLC raised its position in Evine Live by 202.9% in the first quarter. Renaissance Technologies LLC now owns 880,156 shares of the company’s stock worth $1,030,000 after buying an additional 589,600 shares in the last quarter. Teton Advisors Inc. raised its position in Evine Live by 4.2% in the second quarter. Teton Advisors Inc. now owns 249,200 shares of the company’s stock worth $411,000 after buying an additional 10,000 shares in the last quarter. Cove Street Capital LLC raised 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. Finally, Elk Creek Partners LLC raised 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. 44.20% of the stock is currently owned by institutional investors.
EVLV has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Evine Live from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. B. Riley initiated coverage on shares of Evine Live in a research report on Monday. They issued a “buy” rating and a $3.50 price target on the stock. 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.81.
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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