EVINE Live (NASDAQ:EVLV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $1.50 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 20.00% from the company’s current price.
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. “
Other research analysts have also recently issued reports about the stock. B. Riley reissued a “buy” rating and set a $2.00 price target on shares of EVINE Live in a report on Wednesday, November 22nd. ValuEngine raised shares of EVINE Live from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. EVINE Live has an average rating of “Buy” and a consensus target price of $1.95.
In related news, Director Mark Holdsworth bought 75,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of $1.50 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now owns 266,092 shares in the company, valued at approximately $399,138. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 81,000 shares of company stock valued at $121,140. 4.15% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of EVLV. Acadian Asset Management LLC purchased a new position in EVINE Live in the fourth quarter valued at about $112,000. Goldman Sachs Group Inc. increased its holdings in EVINE Live by 71.5% in the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after buying an additional 98,744 shares in the last quarter. Deutsche Bank AG purchased a new position in EVINE Live in the fourth quarter valued at about $249,000. Macquarie Group Ltd. purchased a new position in EVINE Live in the third quarter valued at about $251,000. Finally, Millennium Management LLC increased its holdings in EVINE Live by 338.1% in the fourth quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock valued at $369,000 after buying an additional 203,464 shares in the last quarter. 38.36% of the stock is owned by institutional investors.
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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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