EVINE Live (NASDAQ:EVLV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
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. “
Several other research firms also recently issued reports on EVLV. B. Riley restated a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a report on Wednesday, November 22nd. ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Finally, Lake Street Capital dropped their price objective on shares of EVINE Live to $2.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1.96.
EVINE Live (NASDAQ EVLV) traded down $0.05 during trading hours on Thursday, hitting $1.04. 815,654 shares of the stock traded hands, compared to its average volume of 210,176. EVINE Live has a one year low of $0.89 and a one year high of $1.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. The company has a market cap of $67.87, a P/E ratio of -14.86, a price-to-earnings-growth ratio of 4.17 and a beta of 2.73.
EVINE Live (NASDAQ:EVLV) last posted its quarterly earnings data on Wednesday, March 14th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.30%. The company had revenue of $192.72 million for the quarter, compared to the consensus estimate of $202.20 million.
Several large investors have recently bought and sold shares of the company. Teton Advisors Inc. increased its holdings in shares of EVINE Live by 13.5% during the 4th quarter. Teton Advisors Inc. now owns 419,200 shares of the company’s stock worth $587,000 after purchasing an additional 50,000 shares during the period. Geode Capital Management LLC boosted its position in shares of EVINE Live by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 388,662 shares of the company’s stock valued at $543,000 after acquiring an additional 72,941 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of EVINE Live during the 4th quarter valued at about $112,000. Goldman Sachs Group Inc. boosted its position in shares of EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after acquiring an additional 98,744 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of EVINE Live during the 4th quarter valued at about $249,000. Institutional investors own 38.36% of the company’s stock.
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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