EVINE Live Inc (NASDAQ:EVLV) Director Eyal Lalo acquired 4,000,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $0.75 per share, for a total transaction of $3,000,000.00. Following the transaction, the director now directly owns 20,436 shares in the company, valued at $15,327. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
EVLV stock opened at $0.52 on Tuesday. The stock has a market cap of $41.38 million, a PE ratio of -1.63 and a beta of 2.43. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 1.06. EVINE Live Inc has a 1 year low of $0.32 and a 1 year high of $1.74.
EVINE Live (NASDAQ:EVLV) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.01. The company had revenue of $157.62 million for the quarter, compared to analysts’ expectations of $155.08 million. EVINE Live had a negative net margin of 3.71% and a negative return on equity of 27.89%.
Hedge funds have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new stake in shares of EVINE Live in the 4th quarter worth about $137,000. Renaissance Technologies LLC raised its holdings in shares of EVINE Live by 9.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,135,670 shares of the company’s stock worth $2,456,000 after acquiring an additional 190,414 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of EVINE Live by 39.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after acquiring an additional 76,711 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of EVINE Live by 18.6% in the 4th quarter. Acadian Asset Management LLC now owns 327,311 shares of the company’s stock worth $131,000 after acquiring an additional 51,382 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of EVINE Live by 16.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 210,577 shares of the company’s stock worth $99,000 after acquiring an additional 29,846 shares during the last quarter. 29.88% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on EVLV. Zacks Investment Research raised shares of EVINE Live from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine raised shares of EVINE Live from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. EVINE Live presently has an average rating of “Buy” and an average price target of $1.38.
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EVINE Live Company Profile
EVINE Live Inc operates as a multiplatform interactive digital commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.
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